Gann theory is the complex of geometrical tools based on natural cyclicity allowing to determine time and price of reversal. He kept his elaborations secret and was able to forecast a reversal with a precision to one minute and 5 cents. After his death, a few notes of him were found and some of them are still not deciphered.
That's why Gann method is rather complicated. All you can find about it is a few notes by him and his adherents. No one book fully elucidates on his method, whereas only a complex approach may provide a result.
| 2015 | EURUSD | GBPUSD | USDJPY |
| 31 July | Daily chart: Bears are pulling their swing in the direction of the massive support area 1.0808-1.0817 quite confidently. Hourly chart bulls did not show a proper potential, although they have chances of a reversal due to a very short downward swing, which has been already provided. However, we must | Daily chart: as we see, the price continues to steadily work out on bearish pinbar to move down, so, we are waiting it to reach 1.54 within the frames of the current swing Hourly chart A confidently descending structure. You can add a Sell position at a closer upward swing. Scenarios: continuatio |
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