Trend lines requires 2 points to draw, and Gann Angle only requires 1 point, a huge difference. Something is going to break soon!
Previous Post here
Why?
Simply that Gann Angle is not determined by price pivot points at the last price end, where as a trend line is. That is the beauty!
Price is still holding true to the blue 2x1 Gann Angle. This angle is the demand line, this is why we need to pay attention to it.
As stated before .."As you can see price is now entering a pinch zone, it will bust out either way."... soon the fun will start.
Click for popup. Clear your browser cache if image is not showing.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..."By knowing the exact vibration of each individual stock I am able to determine at what point each will receive support and what point the greatest resistance is to be met"...
William D Gann
.."Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs"..
George Soros
Comments
Log in or sign up to join the conversation.