Nifty 50 IndexUpdated Yet another GANN PRICE & TIME SQUARE is around here.
Today again the price and time matches in Nifty' & Bank nifty' both.
Nifty' price is 98^2= 9604 and the time is 145th calendar days of the year
Both are align with 45 Degree cardinal cross.
And Bank Nifty' price is 153^2=23409 time we know.
Like the 26 DEC' 2016 was the 360th days & 7894 = 89^2 approx. it made a TURN Date.
It was not mere coincidences. Gann and several generations of traders have used time and price analysis combined with square' roots successfully. Some consider Gann to be the Holy Grail of trading. It’s not the case. What must be understood is that until there is a pivot “price action” there is nothing. You can spend a lot of time figuring out where a market is going to turn based on certain symmetries. It’s best to have a rough idea without spending too much time looking for a move that is not there.
Example if Nifty' bottomed at 7894 as marked above, it doesn’t take much effort to look for an 89 ^2 or a date at 360 days ending 26 Dec that year. In that way, the trader can be loosely aware that at Square' numbers, a turn might occur. But if not, there’s no harm, trades should not be placed in anticipation of Gann moves prior to price confirmation. On the other hand, this methodology becomes valuable when an important price pivot has occurred.
Please don’t think or take it as a, trading method where you look for entries simply because a square' root lines up. Before attempting trade entry, you need an edge that gives you confidence that you are on the right side of the market. Once that is established, you can use your own rules and discipline to find good entries. Gann price& square' will help and square' roots certainly an important piece of puzzle.
Here is some checklist of conditions for discovering time and price squares:
1) Check the trading or calendar day count.
2) Look at the high, low and range to see if there is any symmetry. If something materializes, that will be good enough.
3) Keep an eye out for the requisite price pivots. If no signals emerge, take it one level deeper and work with the square' roots.
4) Once the reversal materializes, you leverage in the trading instrument that flows with your data.
5) Check for a root/ square' /degree of the values matching at cardinal line for the both the Date & price.
As you perform your due diligence, you might find something else, such as a specific date matching up with the range. Opportunities are out there. There might be something vitally important sitting just below the surface of your price charts. Gann time&price analysis and square roots can get you there.
At first Belief, you might think this means to simply square' the price by multiplying it with itself, but that is not the case here.To understand this, think of the first square' to be from 0 to .99. The second square' would then begin at 1 to 1.99 etc.
Another misconception that some have is that when you are calculating for Price/Time that when “time” arrives the “price” would be at EXACTLY Square' of the original price. In reality, however, while this may occur at times it is not what should be expected, a top, bottom, or change in trend is expected. That is what I got, when I find the 9218 top recently. It made a 200 point shake instead an expected 500 points change. One must be aware of the trend. In a bullish trend expect only a maximums 38% correction, if more you get consider it as a bonus.
Time analysis in Gann Theory requires the trader to study market swings, anniversary dates, cycles, and the squaring of price and time to help determine change in trend points.
When I have posted the same here, I got many queries,& many are thought that it will be a TOP I am predicting. Some have come up with different squares even cube numbers, without knowing what squaring means. Elementary maths know that every 100 point move will have a perfect square' definitely it will be a frequent occurrence. But if that square' is matching with a date in the same degree or square'Call it a D
Nifty' price is 98^2= 9604 and the time is 145th calendar days of the year
Both are align with 45 Degree cardinal cross.
And Bank Nifty' price is 153^2=23409 time we know.
Like the 26 DEC' 2016 was the 360th days & 7894 = 89^2 approx. it made a TURN Date.
It was not mere coincidences. Gann and several generations of traders have used time and price analysis combined with square' roots successfully. Some consider Gann to be the Holy Grail of trading. It’s not the case. What must be understood is that until there is a pivot “price action” there is nothing. You can spend a lot of time figuring out where a market is going to turn based on certain symmetries. It’s best to have a rough idea without spending too much time looking for a move that is not there.
Example if Nifty' bottomed at 7894 as marked above, it doesn’t take much effort to look for an 89 ^2 or a date at 360 days ending 26 Dec that year. In that way, the trader can be loosely aware that at Square' numbers, a turn might occur. But if not, there’s no harm, trades should not be placed in anticipation of Gann moves prior to price confirmation. On the other hand, this methodology becomes valuable when an important price pivot has occurred.
Please don’t think or take it as a, trading method where you look for entries simply because a square' root lines up. Before attempting trade entry, you need an edge that gives you confidence that you are on the right side of the market. Once that is established, you can use your own rules and discipline to find good entries. Gann price& square' will help and square' roots certainly an important piece of puzzle.
Here is some checklist of conditions for discovering time and price squares:
1) Check the trading or calendar day count.
2) Look at the high, low and range to see if there is any symmetry. If something materializes, that will be good enough.
3) Keep an eye out for the requisite price pivots. If no signals emerge, take it one level deeper and work with the square' roots.
4) Once the reversal materializes, you leverage in the trading instrument that flows with your data.
5) Check for a root/ square' /degree of the values matching at cardinal line for the both the Date & price.
As you perform your due diligence, you might find something else, such as a specific date matching up with the range. Opportunities are out there. There might be something vitally important sitting just below the surface of your price charts. Gann time&price analysis and square roots can get you there.
At first Belief, you might think this means to simply square' the price by multiplying it with itself, but that is not the case here.To understand this, think of the first square' to be from 0 to .99. The second square' would then begin at 1 to 1.99 etc.
Another misconception that some have is that when you are calculating for Price/Time that when “time” arrives the “price” would be at EXACTLY Square' of the original price. In reality, however, while this may occur at times it is not what should be expected, a top, bottom, or change in trend is expected. That is what I got, when I find the 9218 top recently. It made a 200 point shake instead an expected 500 points change. One must be aware of the trend. In a bullish trend expect only a maximums 38% correction, if more you get consider it as a bonus.
Time analysis in Gann Theory requires the trader to study market swings, anniversary dates, cycles, and the squaring of price and time to help determine change in trend points.
When I have posted the same here, I got many queries,& many are thought that it will be a TOP I am predicting. Some have come up with different squares even cube numbers, without knowing what squaring means. Elementary maths know that every 100 point move will have a perfect square' definitely it will be a frequent occurrence. But if that square' is matching with a date in the same degree or square'Call it a D
Note
....Call it a Day, then it can be called a perfect squaring of PRICE & TIME in Gann technical. By the way don't confuse that am not giving a bearish call.Note
Thank you allNote
Screen shot of my Gann Table, Marked with the current PT^2 in Nifty.The Date High lighted is today's date , But 145th Day was failing yesterday
in cardinal cross. you can see the price meeting top right corner.
imgur.com/0mdjs49
hope this give a view....
Note
[img]imgur.com/0mdjs49[/img]Note
Tomorrow 17th July is 197 day of the year, falling at 135 deg cardinal cross,if the price met 10k in nifty that could be another PT^2 possibility.
imgur.com/tBIXYZT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.