This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
What does that Level 3 Gann mean in English for the less functioning brains out here? Dow was simply manipulated by Central Banks on Friday. Down 100, they step in and swing it +150, for a 250 total swing to crush any sellers.
Hi it just refers to a Gann rule that a 3rd attempt to break a level is normally succesful. 18000 is a "natural Gann resistance level(180 half the circle of 360) and we had a bullish candle on Friday.If your reasoning is correct we need to see a "false breakout"