Gann Box
UNIUSD | PerspectivesChart squared via Thales to last major LHL swing (left most teal triangle). Right triangle was then replicated and placed at first major dip after the local high, which highlighted the angular trend through October 14. Using Fib Channels you can construct a perspective Gannbox (right most grid formation). Backtested idea by then duplicating and offsetting a second Gannbox (left). Watching how price action reacts to this geometry. Not Trading Advice.
BTCUSD: Daily Chart BreakdownI am getting a feeling that there could be a 5-0 correctional harmonic formation in its maturity phase, currently. It can also be viewed as an inverse head and shoulders pattern. The highlighted harmonic pattern is the 5-0 pattern with the X being the 1. TV doesn't have a tool for 5-0 patterns, so the Cypher tool is used which lacks one leg. The highlighted projection of price is regarded as a rough estimation of this pattern's completion. The pattern is usually seen during a post correctional phase, where there was a rather hard sell-off (a strong upthrust in a bearish version), which was followed by a V type recovery. When this V type recovery is being corrected as much as 38.20%-50.00%, that's where you anticipate entering into short risk exposure.
Market Forecasting with Gann Boxes, BTC. Bishko published an interesting BTC chart showing the use of Gann Fans yesterday.
I rarely see Gann's work being showcased on TV, so to continue the same vein, here is something to play with for those who want to diver deeper into market harmonics.
This chart uses essentially the same starting point as Bishko's chart, only using a 1-day chart, rather than a 3-day chart.
However, here I am showing the use of Gann Squares / Gann Boxes, as opposed to Gann angles.
I won't explain in detail how this works, as I believe in doing to work when it comes to discovering market secrets.
What I will say is that this box is formed fully off the price high 13868.
Both the price and the time dimensions are formed from the high.
That's a BIG clue on how to form a correct Gann box.
In fact, the ONLY piece of information you would need to draw this chart on the exact day of the high would be that price of 13868.
The price high will give you the future major support and resistance levels.
See the 0.25 / 0.382 / 0.5 / 0.618 levels on the chart. Those price supports would have been known months in advance.
But you'll see the Gann box doesn't extend through to the 0.618 level that was hit in March 2020.
Why is that?
Because the time cycle aspect of the initial price high reached its completion in mid-February 2020.
And what happened when that time cycle returned full cycle?
Immediately the market dropped.
You can look back at the other time ratios (0.382 and 0.75 especially) to see how upon reaching those points in time the market began major moves in their the same directions but significantly stronger, or switched directions entirely.
Gann boxes like this can give you key price levels and important dates of time to keep in mind, where the market has a significant chance of making major moves.
This can be done months in advance, as seen here.
Investigate this phenomenon for yourself.
Markets are harmonic in nature.
Price and Time are the same.
Good luck.
TSLA: Post Split Update Further to the earlier idea shared before the splitting of this stock, here's an updated version of the chart showing the same levels but adjusted for the split. The structure of this market suggests a completed 3-wave impulse sequence, which is now being corrected by profit-taking and short selling. The current correctional formation is seemingly completing the A leg of a potential ABC correction. Approximate movement and supply and demand areas are highlighted for convenience. In case of suggestions or questions on this TA idea, drop a line in the comments section below. Staying tuned for further hints on the price direction of this exceptional stock.