Analysis (EURUSD) based on Gann theory

[_elabin]

*** EURUSD
Prone to Fall (from the highest of a trend)

Pivot Date: 2023-04-13 (27 days ago)
Last Update: 2023-05-06

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Support and Resistance Levels (Gann Degree)

45º >>>> 1.09043 >>>> 1.12370
90º >>>> 1.07398 >>>> 1.14052
135º >>>> 1.05766 >>>> 1.15747
180º >>>> 1.04146 >>>> 1.17454
225º >>>> 1.02538 >>>> 1.19174
270º >>>> 1.00944 >>>> 1.20906
315º >>>> 0.99361 >>>> 1.22651
360º >>>> 0.97791 >>>> 1.24409

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Square of Price and Time (Gann Square)

Bottom Date: 27 Sep 2022
Top Date: 13 Apr 2023

Price Low: 0.95692 ⟶ 90°
Price High: 1.10678 ⟶ 225°

Price Range: 0.15 ⟶ 90°
Work Day: 139 ⟶ 90°
Calendar Day: 196 ⟶ 128°

Result :
• The calendar day is squared with the price range (Tolerance: 0 degree)
• The bars count is squared with the price range (Tolerance: 0 degree)

 

[Polakandil]

I ever hear about the Gann grid trading strategy, in the MT4 also available Gann toolbox including the Gann line, Gann fan, and Gann grid, however, I rare to use this strategy

 

[_elabin]

The Gann pattern is an old method of technical analysis that has remained popular due to its efficiency. This method was introduced by Mr. William Delbert Gann, who was a prominent American trader and theorist, in 1935.
Gann uses a set of techniques to get the desired result. He was an outstanding mathematician and had an accurate and quick memory.

Gann theory predicts the financial markets based on the study of three behaviors: time, price, and pattern.

 

[_elabin]

*** EURUSD
Bearish Trend

Last Update: 2023-05-17

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