Hello everyone, after a few days of observing the market, I notice that the market is getting better and better, we should experience a powerful rebound in a short time, comparable to the decline from mid-November. In my previous charts, we can see compliance with supernova fibonacci, and thus I present my idea for the development of the situation for the next days. I reserve that this may happen at other hours or days +/- 3
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I see that many people consider my charts to be magic and not understandable, below is a small explanation.
In order to use the Gann fan, it is required that the graphs occur in the same price and time range, so that each price movement in a given unit of time equals the angle of 45 degrees. Gann believed that the ideal balance between time and price occurs when prices move at a 45-degree angle to the timeline.Based on Gann's theories, Ganna's range includes 9 trend lines that act as support and resistance lines. When prices break one line they should head towards the next. The most important line in the Ganna fan is the 1x1 line based on the 45 degree trend line. Depending on whether prices are above or below this line, it will indicate an upward or downward trend. In addition to this main line, Gann points out 8 other smaller lines with angles greater or smaller than 45 degrees (4 with a larger angle and 4 with an angle smaller than 45 degrees). These smaller trend lines are 1x2, 1x3, 1x4 and 1x8.
In order to use the Gann fan, it is required that the graphs occur in the same price and time range, so that each price movement in a given unit of time equals the angle of 45 degrees. Gann believed that the ideal balance between time and price occurs when prices move at a 45-degree angle to the timeline.Based on Gann's theories, Ganna's range includes 9 trend lines that act as support and resistance lines. When prices break one line they should head towards the next. The most important line in the Ganna fan is the 1x1 line based on the 45 degree trend line. Depending on whether prices are above or below this line, it will indicate an upward or downward trend. In addition to this main line, Gann points out 8 other smaller lines with angles greater or smaller than 45 degrees (4 with a larger angle and 4 with an angle smaller than 45 degrees). These smaller trend lines are 1x2, 1x3, 1x4 and 1x8.