Awsome thread! Very intresting indeed, oh and Mr J your story is nothing short of inspirational! Thank you for caring
Cheers
Cheers
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DislikedMy forecast for USD/CAD for today. I think that the price will be near the level of 1.3386, after which a turn is likely. If the price goes down after touching 1.3386, then I predict a decrease to a minimum of 1:1 fan. If the level of 1.3386 is broken above, then the price can reach 1.3426 or even 1.3500. My opinion is that a correction is forming, approximately resembling a triangle. Therefore, one should expect a volatile movement after narrowing the amplitude of correction oscillations. {image} {image}Ignored
Disliked{quote} Would you please explain the end point of Gann Fan in this chart... The start point is clear in both of them but I can't find any peak in 1:1 direction as end point.....thanksIgnored
Disliked{quote} Thanks for answer... I got it... then when we use 45' and when we connect 2 peaks?Ignored
DislikedMy forecast for USD/CAD for today. I think that the price will be near the level of 1.3386, after which a turn is likely. If the price goes down after touching 1.3386, then I predict a decrease to a minimum of 1:1 fan. If the level of 1.3386 is broken above, then the price can reach 1.3426 or even 1.3500. My opinion is that a correction is forming, approximately resembling a triangle. Therefore, one should expect a volatile movement after narrowing the amplitude of correction oscillations. {image} {image}Ignored
Disliked{quote} I like ur predictions.... its so close to my Fibonacci retrenchment lines at 1.34200 (23.6%) {image}Ignored
Disliked{quote} Welcome! There're two ways to build a fan. One of them really is to stretch it between two peaks. But in this case, you can see the levels of support - resistance (like Fibonacci). But if you adhere to the degree of 45, you can see the reversal level of the trend 1:1. The probability of a turn of the movement significantly grows when the price touches and breach it, and vice versa. I most often use the angle of 45 degrees. For me it's more informative.Ignored
Disliked{quote} You mean a test? With a without breakout in the close? just the high or the low break?Ignored
DislikedThe forecast continues to come true. I expect growth to 1.34300. But I don't rule out testing the 2: 1 level (red). Break 1.34000 is still imaginary {image}Ignored
Disliked{quote} If the price breaks through the level of 1:1 and lingers there for some time, then the probability of a reversal grows. If there's only a touch, then it can only be testing a 1:1 level.Ignored
Disliked{quote} You mean a test? Without breakout in the close? just the high or the low break? A question related to fans... do you use parallel lines? I see they have potential for high probability turning points. Do you think this is a valid fan? I don't use them usually, I use Median Lines, but Allan Andrews, the inventor of them, used Gann fans also. I tryed in the past with no luck, maybe you are what I was waiting for learning... {image} Example of parallel lines framing the market in an ordered way: {image}Ignored