To continue....the attached chart shows the 26 week old Gann line coming back into force this week.
I'm thinking that Skunny's "But not always" comment refers to the necessity of drawing additional TLs from the most recent important highs and lows parallel to the existing 26 week old TL. This allows for the recent turning points that have moved a little away from the old line that was started over 3100 bars ago!
The same process has been repeated for the green up trend, with the thick green line drawn paralled to one that was respected many hours ago.
It now remains to be seen where these latest lines intersect with the updated active fibo, which I wll leave until after the London Open tomorrow morning.
If my hypothesis is correct, then we should be able to start thinking about some high probability price AND time zones for futures turning points. TWT.
I'm thinking that Skunny's "But not always" comment refers to the necessity of drawing additional TLs from the most recent important highs and lows parallel to the existing 26 week old TL. This allows for the recent turning points that have moved a little away from the old line that was started over 3100 bars ago!
The same process has been repeated for the green up trend, with the thick green line drawn paralled to one that was respected many hours ago.
It now remains to be seen where these latest lines intersect with the updated active fibo, which I wll leave until after the London Open tomorrow morning.
If my hypothesis is correct, then we should be able to start thinking about some high probability price AND time zones for futures turning points. TWT.
Trading Levels with WRBs