Ignore the GREEN box to the upper right. That is the Target for the Adam and Eve if it plays out...
Gann is something I am just beginning to incorporate but drawing the downtrend Gann at the 45 degree level has proven to be a phenomenal spot for swing trades.
Look at all the small green wicks and candles getting rejected by Gann levels. Pretty amazing. You can see we are about to close on a key level at 8800 which is also the downtrend line. My guess is bears hold here pretty strong and send us back down for what will feel like a quick "Capitulation" for a triple bottom and then we break the Gann and downtrend line with some serious volume. Volume will definitely be needed to break this LOG downtrend line.
Gann is something I am just beginning to incorporate but drawing the downtrend Gann at the 45 degree level has proven to be a phenomenal spot for swing trades.
Look at all the small green wicks and candles getting rejected by Gann levels. Pretty amazing. You can see we are about to close on a key level at 8800 which is also the downtrend line. My guess is bears hold here pretty strong and send us back down for what will feel like a quick "Capitulation" for a triple bottom and then we break the Gann and downtrend line with some serious volume. Volume will definitely be needed to break this LOG downtrend line.