Gann Dates, Rectangle Clones & Inherent Fib relationship
I have been studying and charting/ experimenting with Gann dates with my price targets.
In this study I have re-looked at the previous Gann Date of August 8th and studied the geometrical relationships. The August 8th Date saw a considerable run from around 100 to 147. Ive mapped a rectangle over this move and cloned it along the same angle using the Gann date of 23rd September as starting point. The 6 rectangles are then arranged following the angled lines.
The top of the 6th rectangle matches a target of 220. The angle intersects the target of 220 and the next Gann date, 8th of November.
After cloning the rectangles in this technique the results match close to some of my targets I have (red horizontals). Drawing a fib tool alongside the cloned rectangles shows an inherent Fibonacci relationship.
This is an experimental chart and should be interesting to see how it plays out.
More on Gann dates:
marketmasters.com.au/55.0.html
In this study I have re-looked at the previous Gann Date of August 8th and studied the geometrical relationships. The August 8th Date saw a considerable run from around 100 to 147. Ive mapped a rectangle over this move and cloned it along the same angle using the Gann date of 23rd September as starting point. The 6 rectangles are then arranged following the angled lines.
The top of the 6th rectangle matches a target of 220. The angle intersects the target of 220 and the next Gann date, 8th of November.
After cloning the rectangles in this technique the results match close to some of my targets I have (red horizontals). Drawing a fib tool alongside the cloned rectangles shows an inherent Fibonacci relationship.
This is an experimental chart and should be interesting to see how it plays out.
More on Gann dates:
marketmasters.com.au/55.0.html
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