Market moves within support and resistance:
here trend is detected by drawing trend line and time cycle:
Range market:
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
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.
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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