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Gann Square

My long term view on EURNOKAlright, many of you are probably not trading norwegian krones but maybe this could be an idea on other trading pairs? I'm currently short on EURNOK, but I think it will turn up in beginning of October: Entry on a long position: 9.24NOK When: 3. October 2018 Arguments: - It is currently in a rising wedge and 4. wave is the next stop. - This is confirmed by 0.618 fib level, Gann line (two of them are crossing in the same point!) and Gann arc. - We see that the volume is rising within the rising wedge - a good sign on a further ascending period. Forecast: - Next stop will be 10.15NOK - When: 25. June 2019 - Since this is a rising wedge it might drop after 25. June.
Long
by Steffro
1/3 left of the bearish marketA quick update on ETHUSD. I've adjusted the Gann Square a bit making the arcs aligned with the lower points (point 1 and 3). Target 1: 260$, 23.July Target 2: 235$, 19.July My latest ideas on XRPUSD and BTCUSD says the same dates. Here is why (along with my earlier arguments): - We are clearly in a descending trend currently (along the gann line). - A possible global descending wedge could appear (a bit early to confirm this!). - Target 1 is more likely compared to on how much I think BTCUSD will fall. - Target 1 fits perfect to the bottom line of the descending wedge. - Target 1 is also where the outer arc hits the fib circle. - Target 2 is my earlier target which I think also could fit, but less likely. - Target 2 is where the outer arc hits the global 1.27 fib level. Currently we're in a rising wedge which could indicate a drop ahead. It is important that the neckline (the red line) holds it down. Good luck!
BITSTAMP:ETHUSDShort
by Steffro
GBP/USD 1DBritains Most Censored (Non-Military) Stories by Tyler Durden Wed, 07/04/2018 - 05:00 via TruePublica.org, In this article, we have attempted to identify the most censored stories of modern times in Britain. We have asked the opinions of one of the most famous and celebrated journalists and documentary film-makers of our time, a high-profile former Mi5 intelligence officer, an investigative journalist with one of the most well-known climate-change organisations, a veteran journalist of the Iraq war, an ex-army officer, along with the head of one of the worlds largest charities working against injustice. Consequences of American corporate influence over British welfare reforms Climate Change, what a British oil giant knew all along Government Surveillance Evidence-Based Medical Studies The Skripal poisoning and Pablo Millar The City of London – A global crime scene State propaganda – manipulating minds, controlling the internet Censorship – Spycatcher Censorship – The Internet Dark Money Taking Power Talking of Dark Money – Brexit and the climate deniers www.zerohedge.com
by TeddytheBear
Long term on UKOILI think UKOIL will descend the next months. Here is why: - It just hit the Global Gann fan and went down right after. - It just completed the head & shoulders potential. I've moved the starting point to the right shoulder. - It just made the 1.618 level from the (1) leg (Elliot Wave theory). - It turn down after hitting the 0.618 fibonacci level from the Gann Square starting point. Forecast (My wild guess!) : - It will break through the arc (A critical moment on the idea). - It will descend down to either 60$ (Trade 1b) or 48$ (Trade 1a). - Then it will probably turn up again and complete the bearish Gartley pattern, arround 96$ (Trade 2). - After the (5) wave it will turn down to the local 0.382 fibonacci level (Trade 3). This is not an advice. Make your own strategy and hold on to it ;)
TVC:UKOILShort
by Steffro
12
Long term idea on EURJPYI've been trying Gann Square on EURJPY lately - and it seems like it will continue descending. Explanation: - The arcs are working as support and resistance. - The arrows indicates every time it bounces away from the arcs. - Red crosses are every time it breaks through the downcending arcs. - Blue crosses are every time it breaks through the ancending arcs. It might too early to say, but in the current situation it seems to break through the downcending arc after several testings. Even though the symmetrical triangle could give us a massive potential, I don't think it will fall that much. What do you think?
Short
by Steffro
ETHBTC – Gann square + Fibonacci ArcsHi Guys. As all crypto market went down it is a good time not to panic and learn something new. Today we prepared for you nice indicator Gann Square combined with Fibonacci Arcs. This enables us to see supports and resistances not only linearly but also circularly. Looking at the chart we can see at the horizontal axis we have a time and on the vertical axis we have price. Gann said ideal harmony is when they both move in a proportional way. That is way is middle line on this indicator is 45 degrees – it means when following this line price and time are in the harmony. When below that level price goes faster down (particularly in this case) than time. This means SELL. If we go above 45 degrees this means price goes faster than time and there is a time to BUY. Ok but what happens in the middle. Is prices’ and people’s behavior linear? Not necessarily. What can we do when being in between the lines 2/1 and ½? So the answer is Fibonacci Arc. Imagine those circles are like pulsing sound. Fibonacci claimed everything has a cycle and proportion. You can find numerous examples of shells, flowers and many more. People’s behavior changes over time. It pulses in someway. Each pulse has circular shape so Fibonacci Arcs are so as well. As you can see on the chart, many of the breaking points are aligned with levels marked by the circles. They give us better insight when to enter and when to exit. In this case we should SELL at around 0.098, reload at around 0.06 – the most important without fear we are below 1/1 level. Once bought wat the previously mentioned level we should sell ETH at 0.078. If someone plays on this pair once would make 30% in a 3,5 months. We put first circle in the lowest level of the 3 following bars. What do you guys think? Do you use it? Do you find it useful? Please do comment, share your thought and don't forget to follow us. THANK YOU FOR ALL YOUR SUPPORT! :) Hugs! WBM Team
Education
by WBM_Team
We are Still in the ZONE ! BTCUSDLook at that Guys, BTC Is following the exact path it took recently! Now the main question is, Will it go and hit the major downtrend line? (Yellow Parallel channel) In my opinion, it will! and might slightly stretch that bullish trend and then get right back down! using Parallel Channel and Fibonacci we could see what is actually happening. If you are looking for a perfect entry point to Short BTC In the near future, You need to Figure OUT where it will reverse precisely, make sure your TA is right, wait for the confirmation AND Short BTCUSD. Never Forget that Emotion IS TRADERS BIGGEST Enemy! For Every trade, Make sure you have established your RISK/REWARD, and followed your RISK Management Tool! Hope You guys enjoyed the chart and see you in the Update!!
BITFINEX:BTCUSDShort
by CryptoDjet
3
150% gain till now :DMy original idea startet at beginning of April and has been very profitable till now: Long position was made 1.April because: - 0.886 fib circle indicated a turning point. - The inner Gann Arc was about to be reached (happend some days later). Short position was made 5.May because: - 0.5 fib circle indicated a turning point. - The outer Gann Arc did a perfect hit. What will happen next? I think it will go all the way down to 235$. When? 2.July (Yes, I know it sounds crazy). Here are the reasons: - The 3. Gann arc indicates the next turning point. - The 1.0 fib circle says the same. - The 1.27 fib level from 3-4 leg is also in the same level. - The statements above give us when it will turn around. - The current descending path is following the Gann line. - This is the last wave (5.) according to Elliot Wave Theory. - The volume has been falling(more or less) since the boble blew up. Along with the original idea this will give a gain equal to 200%. Currently it is inside a rising wedge which is a good sign for another drop ahead. What do you think? Note! This is not a trading advise, make your own strategies and keep on to it.
BITSTAMP:ETHUSDShort
by Steffro
6
Short or Long?It is starting to be interesting with XAUUSD at the moment - here are two possible paths: Short position: - Wave 4 is completed (ascending triangle pattern). It should bounce down and break through the support line. - C-leg on a possible Gartley Pattern is completed. - It breaks throug the mid arc (It has tested this one twice). - It should descend all the way down to 830$. - It will hit the target arround Q1, 2021. - The outer arc, Gartley pattern and The global trend line confirms this. Long position: - Wave 5 next and it will bounce up right after, through the resistance line. - It should bounce upwards the next days avoiding the arc. It is very important that it avoids this arc along the upward trend. - It should rise all the way to the 0.5 or 0.618 fibonacci level (or maybe even the 0.786 level) - The Triangle potential confirms the 0.786 fibonacci level. - The inner resistance arc confirms the 0.618 fibonacci level. - It should hit the targets 1485$ and 1580$ in beginning of 2020.
FOREXCOM:XAUUSD
by Steffro
Long term Idea on EURUSDI think it is very important to have a long term idea, and then take a closer look on the short term. By doing this I have a safety net along the path. This sounds basic but I repeat this to myself every time I do my trades. Enough about today's lesson :P Here is my long term idea on EURUSD. I think it will descend because: - Gann Fan line (blue lines) made it turn downward (Beginning of 2018). - The arc from the reversed Gann Square made it turn downwards. - 0.382 fibonacci level (from the "all time high" and to the lates lower level) made it turn downwards. - Trend line is working as a resistance line along the descending path. - (4) wave is completed inside this descending wedge. Note how it zigzags(1-2-3) between the waves. Forecast: - Currently it hit the local neckline and it will probably rise the next two months. - After two months it will continue on the descending path. - It will then hit the arc again. A critical moment for the idea. - It will descend all the way down to the 0.886 fibonacci level. - This is confirmed by Gann Square, Gann Fan, Reversed Gann Square, Fib Circles (Fib Circles: I will publish this one right after). - Target: 0.91 - When: Arround Q1 - Q3, 2020 Note! (4) wave could extend to the 0.5 fibonacci level marked before descending. This will then be another good entry for a short position.
Short
by Steffro
1