Nifty 50 Index (NSE:NIFTY) 21513.00 −197.80 −0.91%
kbr9121965(My Handle on Trading View platform )
You can follow and boost my ideas to help others if you find the ideas useful and profitable.
Nifty 50 Index intraday wheels within wheel chart for 08/01/2024. Gann had said if you know the begining you can predict the end.
"In order to forecast future cycles, the most important thing is to begin right, for if we have the right begining, we will get the right ending. If we know the cause, then there can be no doubt about predicting the future event or effect. " Page 83, Tunnel Through The Air Book by W. D. Gann.
Now here what the cause it's the High on intraday and the effect is the intraday low. From the intraday high you can workout the intraday low.
See we hit the major support one at 25% level at 21509. The price death zone was at 21721.50 on chart at 10:30 am candle. Subsequently we breached the 75% level and 50% level.
At 14:20 pm we saw the last momentum at 50% level after being sideways from 11:50 am at the same 50% level.
You can obsereve the price action around the percentages applied on the chart for study purpose. Try to implement them on your charts for daily observations. You find some similarities as you progress ahead which will help you to become a successful trader.
Can this be repeated again.... yes ....if you know the method how to calculate the vibrations.
For this you can read original Gann writings and decipher what he has said and prove it to yourself. Once you prove it to yourself and you will find it easy to implement in your trading style.
Happy Trading !!!
N.B. With usual disclaimers as apllicable to reach in the domain of this platform.
kbr9121965(My Handle on Trading View platform )
You can follow and boost my ideas to help others if you find the ideas useful and profitable.
Nifty 50 Index intraday wheels within wheel chart for 08/01/2024. Gann had said if you know the begining you can predict the end.
"In order to forecast future cycles, the most important thing is to begin right, for if we have the right begining, we will get the right ending. If we know the cause, then there can be no doubt about predicting the future event or effect. " Page 83, Tunnel Through The Air Book by W. D. Gann.
Now here what the cause it's the High on intraday and the effect is the intraday low. From the intraday high you can workout the intraday low.
See we hit the major support one at 25% level at 21509. The price death zone was at 21721.50 on chart at 10:30 am candle. Subsequently we breached the 75% level and 50% level.
At 14:20 pm we saw the last momentum at 50% level after being sideways from 11:50 am at the same 50% level.
You can obsereve the price action around the percentages applied on the chart for study purpose. Try to implement them on your charts for daily observations. You find some similarities as you progress ahead which will help you to become a successful trader.
Can this be repeated again.... yes ....if you know the method how to calculate the vibrations.
For this you can read original Gann writings and decipher what he has said and prove it to yourself. Once you prove it to yourself and you will find it easy to implement in your trading style.
Happy Trading !!!
N.B. With usual disclaimers as apllicable to reach in the domain of this platform.