Exploring the value of GANN & Fibonacci Fans PT. 1

Hey guys,
Here's another video from me, I'm trying to keep these educational, and clear. Today's topic is meant to demystify trend direction using oscillators, GANN Geometry, as well as fibonacci retracements and extensions. Enjoy the video, and I also hope you'll use some of these GANN fans on charts of your own. I truly believe that mastering Fibonacci and some aspects of GANN theory are invaluable to building time and price confidence in your trading. Cheers!

P.S. I'll most likely create another video on this subject just to hammer the usefulness home.
-Ben

評論:

As I had mentioned I color coded the fan lines to alert me as to which fib may be important to note and which fib value it is ( Especially so I don't have to scroll to find it weeks back in time. ✔✔✔

評論:

Green = 0.5 Level
Gold = 0.618 Level
Blue = 0.768 Level
Red = 0.9 Level

評論:

Here is a perfect example of these 'Convergences of Moving averages, momentum and especially GANN angles. The purple cross I drew on the chart is highlighting the convergence of both of the golden ( 0.618) Intersections of fan angles.

Here I just waited for something to happen, I didnt have to have any bias until the market TOLD me what was going to happen with a break of this especially telling cross.

評論:

Price relationships at the convergent golden intersections are clear as day