PVR | Gann Analysis | An Interesting Case Study
- Following time pattern has been observed since 19/05/2020 bottom:
- LOW | 1021.1 | 45 Bars
- HIGH | 1469.25 | 72 Bars
- LOW | 1051.85 | 89 Bars (One less than 90) | This Low was challenged at 115th Bar, however price never closed below it
- LOW | 1281.05 | 135 Bars | This Low was breached on closing basis at 152th Bar, however price bounced back immediately from Gann Octave level 1223
- HIGH | 1507.65 | 145 Bars (One more than 144)
- On 22/12/2020, price bounced from Gann Octave level 1223 | Thereafter, On 4th Jan 2020, price bounced from Cube number 1331 and rallied up to Gann Octave Level 1569
- Next in the series are 180 bars (a possible bottom) around 02/02/2021 and 216 bars (a possible top) around 25/03/2021 | Watch out for these dates!
- Resistance: 1569 / 1600 / 1641 / 1681 / 1728 / 1741 / 1764
- Support: 1502 / 1464 / 1444 / 1407 / 1396 / 1369 / 1331
Comment:
Pattern follows so far | Approaching support zone (Gann Octave 1396) | Approaching 180th bar.