Wednesday, May 22, 2013

Support and resistance in Gann Methods

Market moves within support and resistance:

here trend is detected by drawing trend line and time cycle:

Range market:

  • Take the high or low price divide it by 3/4( odd= 3, even =4) number, 
  • If you want to go down further divide it by 6/8 or even 12/16 or so
  • when market approach these support or resistance is starting to show possible change of trend.
  • middle point is most important.
  • market will hold many times 3, 5, 7 days or 3,5,7 weeks or even 3,5,7 moths in a trend.
  • Example if the market trend is down it will go down minimum 3 days from last trend changed.
Highest time or lowest time for ever:

divide these by odd or even number or their multiples to get support or resistance.

previous High or low:

divide these by odd or even number or their multiples to get support or resistance.


Tops or bottoms:

divide these by odd or even number or their multiples to get support or resistance.



important time frame for gann trading:

Yearly for long term 

monthly for long term

weekly for intermediate and long term

daily for long term

Hourly short term

60 min , 30 min,15 min short term 




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