Using dates and prices and revolutions of full circles Gann was able to determine highs and lows. I have no idea if any of that is correct, there are so many variables, but, this is merely an idea forum. On the chart are my thoughts and if anyone wants to comment please go right ahead! GLTA!!
Transports should be just chugging along with the Index, yet seems to be tanking. Be careful
I made a Gann box, and tried to determine the trend reversal point to the right shoulder (or is it the left, well, which ever side, the shoulder has yet to appear). Oct 5, 2021??
I set the chart scale of 1 bar =5 dollars 5:1 March 9, 2009. Convert that date to price (903.09). Add 3960 to it (360 *11) and that equals 4863.09. I created a Gann fan from the March 9 2009 low. I made a gann fan from the March 23 2020 low (11 years) and I made a gann fan from the Feb 9 2018 Low. The 4:1 angle from the March 2009 low and the 1:1 angle from...
Gann stuff, so, On Aug 7, 2020, the ath was in. Using this date, and converting it to price =2008.07. Well, the time required to get to that point of reversal is 302bars. Divide the price difference (2762.43-2008.07=754.36) by the Bars 302 and a pretty nice ratio, of 2.5:1 is the result. The chart scale is 5:1 (5 dollars in price and 1 bar in time), so this...
Using a chart scale of 1 bar = 5$. Text notes in idea indicate my thoughts. Don't rely on this analysis, I have no idea what I am doing :) GLTA!!
Just trying to figure out how this GANN stuff works. This is built with a bearish mindset. But keeping a open mind for a bullish sentiment. The arrows are the moving averages taken today along the weekly and monthly simple moving averages. The grey line is the 50ma from the month, the others are 200, 100 and 10 ma from the week and sort of converted into a...
Looks like a couple of lines intersecting. Perhaps by March 1st it will be resolved.
the volume of trading is just the same as a large volume of water. If it is two or three times greater than normal, it must spread over a larger area, break the dams and do great damage. When the flood gates of Wall street are open and the millions of speculators and investors start to liquidate, all former records will be broken, the avalanche of selling will...
A very typical pattern here. A low, then a rise, then a re test of the previous low, drawn out over months. Looks like a pattern of higher highs and higher lows is beginning to develop.
This one came up and I thought i'd publish it to follow along. I will check the shorter timeframes for entry
This company has been in business 30 years. Trying to find bottoms
Hi! So this one came up and I thought I would see the good sides of this. This is a longer, potential week or 2 trade (Could be shorter too! Haha!)
The chart seems to indicate a retracement, along with the RSI and MACD heading lower. But the MACD recenttly crossed above zero, and the longer moving averages are swinging up. I'll stay neutral, but watching for a change in direction, along with confirmation of a change. Nice to see price above the 200ma for a long
I saw this and thought I would publish a idea and follow it along, checking in along the way to its eventual bottom and reversal. Just a guess