I have 2 cycles to be aware of:
The first is based on Ganns idea of timing, this lands 2pm on Sunday, the market is not traded on Sunday so this would form a gap up on Sunday night. If this happens I close my trade.
The timing indicator suggests a low 33 hours from Fridays high, because there is the weekend the low lands on the 28th August at 1 am, I know the exact turn can be 3-4 hours out so this agrees with the Gann cycle.
The market will still form a reaction on the 33 hour count (or close to it)but the weekend will mess up the projection and the targets. However, once the SP500 makes the low I can again project the approximate time and price of the next swing high.
The first is based on Ganns idea of timing, this lands 2pm on Sunday, the market is not traded on Sunday so this would form a gap up on Sunday night. If this happens I close my trade.
The timing indicator suggests a low 33 hours from Fridays high, because there is the weekend the low lands on the 28th August at 1 am, I know the exact turn can be 3-4 hours out so this agrees with the Gann cycle.
The market will still form a reaction on the 33 hour count (or close to it)but the weekend will mess up the projection and the targets. However, once the SP500 makes the low I can again project the approximate time and price of the next swing high.
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