the Dow spent months trying to break 18000.On Friday it finally hit 21600,which is the next Gann level higher on the square of 360 (think 1800 + 360 =2160,or 5 x 360 to 6 x 360)
216 is also 1.5 x 144
Now we need to await confirmation that Fridays bar was an exhaustion (which,of course is by no means assured,merely a hypothesis) At the end of Feb there was an exhaustion bar followed by an inside bar and the signal would have been to short the break down below the IB low
arrows on the chart mark reversal bars
216 is also 1.5 x 144
Now we need to await confirmation that Fridays bar was an exhaustion (which,of course is by no means assured,merely a hypothesis) At the end of Feb there was an exhaustion bar followed by an inside bar and the signal would have been to short the break down below the IB low
arrows on the chart mark reversal bars
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