This is ONLY for the purpose of study for technical Analysis.
Its an advantage to know EW when working with Gann.
Looking at chart, (note. EW use full figure ie intraday high for highest in the range n lowest low for lowest value in the range vs. GANN, use only closing price. The firmest price.)
We suspect that, we r on major wave 5, and done with minor wave 2 and about to start minor wave 3.
Using Gann, with insertion of 1813, the full.cycle will end at 1987 level. Thats it. Just that, with gann, we can speculate went its goin to be.
Now, looking at EW. May b its a coincidence that, the wave 3 will end near the Gann target, according to EW, there is a possibility that wave 3 target is going to be 1986.9, which is 1.618 of wave 1.
Now.... we just have to wait.
According to Gann. The insertion of 1813 must not breach ( fall below). If that level is breached then the target 1987 will be invalid and need to re-read the value again.
According to Gann. The insertion of 1813 must not breach ( fall below). If that level is breached then the target 1987 will be invalid and need to re-read the value again.
Gann is dangerous when greed come into play... careful. Gann is only a method to SPECULATE.
ReplyDeletetechnical analysis is part art, part science and part common sense... we will look at it differently based on our knowledge and experience... you can read it anyway u want it, it can b up, down or sideways. as long you can justify....
ReplyDeletefinal target on wave 5. possible 2100 - 2160.
ReplyDelete