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Gann

#SLERF Green Light: Buy Now, Reap the Rewards Later!**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
BANK NIFTY GANN ANALYSIS FOR MONTHLY EXPIRY OF 29 MAY 2024Bank Nifty hits a high at important level of 49671.30 as the chart shown. Momentum shorts triggered below 49356.30 level. After the top formed we got two good opportunities to short at that level both yesterday and today. Third opportunity was little below the level at 49327.75 at the afternoon candle of 12:45 seen on chart. Target was 49096.15 which was achieved all the three times with support at the level of 49043.95. For tomorrow this cluster levels of 49096.15 and 49043.95 are important as support. if broken down we may see expansion on downside to 48887.10. The level of 48887.10 is the trend decider level. If broken then expiry could be in the hands of bears. o the upside the resistance can be seen at 49200.75. Above this bulls will be in control and take the index till 49357.60 and above. Use the volatility in your favour with the levels given and make some decent profits. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:BANKNIFTY
by kbr9121965
FINNIFTY WEEKLY EXPIRY GANN ANALYSIS FOR 27 MAY 2024FINNifty hit an important level of 22126.55 and gave up the gains intraday as seen on chart. Fall was expected till 21914 but we ran an overthrow to 21868.70. Important range to watch tomorrow is 21993.75 and 21914.05. Range expansion till 22100 and 21861. Above it breakout and fakeout rules both applicable. Bias level for the day is 21993.75. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:CNXFINANCE
by kbr9121965
NIFTY MIDCAP SELECT WEEKLY EXPIRY GANN ANALYSIS 27 MAY 2024MidCap Select Index has completed one minute growth cycle from 11401 to 11515. Current range to watch is 11486 and 11444. Expansion possible till 11401 and 11515. Above it fake outs and break outs possible. This seems the monthly expiry so expect more volatility for today. The level of 11420 can be watch critically today. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:NIFTY_MID_SELECT
by kbr9121965
SENSEX GANN ANALYSIS FOR WEEKLY EXPIRY 24 MAY 2024Sensex has made a new ATH 75499.91 on 23 May 2024. Earlier swing low came in at 71886.01 on 13 May 2024. Thats a swing of 3500 points in 8 trading days. This sequence has been going from the start of the Gann year with low at 71674.42 on 20 Mar 2024. We have very well the 72000 to 75000 range. Gann students know the importance of this range. The important level to watch on chart 74637.50 for the trend to continue ahead. We had cluster resistance at 75199.91 and 75312.50. We have closed above it at 75418.04. So this become crucial for expiry tomorrow. Next level to watch is 75650 which will set the trend further. So watch the range of 75200 and 75650 as trading range. Extensions can be seen out of this range to 75987 and 76099. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
BSE:SENSEX
by kbr9121965
NIFTY GANN ANALYSIS FOR WEEKLY EXPIRY 23 MAY 2024Nifty has started this weekly expiry with a low of 22345 and never looked back. It has hit an weekly high yesterday at 22629. So nearly a rise of 300 points is seen on the index. Previous week high at 22520 was crossed on Tuesday at 11:15 candle and we hit high of 22591 at 12:45 candle. A gain of 70 points intraday within 2 hours a decent intraday future and option trade. Again yesterday we made an low below 22500 after opening gap up at 22576. Another opportunity to go long above 22520 and intraday high hit was 22629. Another execellent opportunity intraday for future and option traders. The level of 22617 was important yesterday and called death zone and we needed a close above of it to make an attempt to go further. We closed at 22597.80 just below 22600. We have a cluster support of 22587 and 22581 and below it trend decider level at 22563. We will be in dowtrend below 22563. Another cluster support comes in at 22545 and 22539. If this is broken we may take support at 22509. Big level of Nifty is 22500 for major trend to be positive. Happy Trading !!!
NSE:NIFTY
by kbr9121965
NVIDIA CORPORATION GANN WEEKLY ANALYSIS FOR 22 MAY 2024...Nvidia Corporation has been in the news for the recent past and seen a fantastic run on its price with AI Technology progress.NVIDIA DGX-2™ is the most powerful tool for AI training, using 16 GPUs to deliver 2 petaflops of training performance to data teams. Adding in the extreme IO performance of NVIDIA Mellanox InfiniBand networking, DGX-2 systems quickly scale up to supercomputer-class NVIDIA SuperPODs. Nvidia Corp completed an important Gann Cycle in Apr 2023. Therafter the price nearly doubled within the time cycle on chart. But the real rise came in at the shortest time cycle within the next major time cycle. It hit he high of 767.66 a double top to earlier high of 974. as per price it had a support at 786 and we got the low of 756.06. We are rising up from that low to current level of 958.19 on last weekly candle attempting to take the highs of 974 and 967. Next critical date is 24 Jun 2024 on it. We need to cross the level of 1048 by then for further growth in it. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NASDAQ:NVDA
by kbr9121965
BTCUSD GANN WEEKLY ANALYSIS FOR 22 MAY 2024...BTCUSD has made an new All Time High at 73794 on 11 Mar 2024 weekly candle. The recent major swing low was at 15479 on 21 Nov 2022. Its been a fantastic rise to the new all time highs thereafter. Recently we have attempted to make new highs on 08 Apr 2024 a month after the 11 mar 2024. Again another attempt is being made now at 71958 in this weekly candle. The level on downside to watch was 61403. This level was hit many times in recent past 04 Mar 2024 , 18 Mar 2024 , 08 Apr 2024 , 15 Apr 2024 and 29 apr 2024 with swing low at 56500. This level responds to one of Gann Squares perfectly which gives further levels of 67500 and 78750. On charts the level of 72979 is important. Above which we may go on the next level of 76957. We have a weekly time cycle date coming in at 22 Jul 2024 which will be interesting to watch where we make a ATH till that time. Will it a big dash on the upside needs to be watched. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
BITSTAMP:BTCUSD
by kbr9121965
BANKNIFTY GANN ANALYSIS FOR WEEKLY EXPIRY 22 MAY 2024...Bank Nifty has hit a high yesterday at 48259.75 which was a double top with similar high at 48258.65 on 09 May 2024 at 9:15 am candle. From there we went on downside to hit a swing low of 46983.25 on 13 May 2024 at 10:40 am candle. For intraday the range levels are 47987 and 48109 to watch. Expansion on either side could be 48230 and 47865. Further expansion if it happens then 47724 and 48372. Trend Deciding level to watch is 48084. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NSE:BANKNIFTY
by kbr9121965
DOW JONES INDUSTRIAL AVERAGE INDEX GANN WEEKLY ANALYSIS MAY 2024DJIA had a major swing from high of 03 Jan 2022 and low at 10 Oct 2022. The low of Oct 2022 came in at 28660.94. This was an important low as per Gann Master Square of 144. Thereafter we had a target of 36000 which was achieved nearly on 50% of weekly time cycle at high of 35679.13 on 31 July 2023. Correction was expected till 32400 levels we got an low of 32327.20 on 23 Oct 2023 an anniversary date of 10 Oct 2022. Something workout to the perfection in Gann trading systems. It is for us the students of Gann School of thought process to follow the knowledge given by the legendary trader W. D. Gann himself. Also forget the heresay about him and the mysteries or doubts of his success as talked about in the media. You have to prove the things to your satisfaction and you will be a success are the very words of the master trader himself. Doubting is easy and proving to yourself is always hard. After doing it to your satisfaction there is no need to prove it to the world. Work silently and be happy. After 36000 we were looking at the target of 39600 and voila we achieved it on 18 Mar 2024. Therafter correction to 36000 was expected but was restricted to 37611.56 at 50% level. The 50% rule will save you always to be on the right side of the markets. Currently we have cluster resistance at 39753.86 and 40101.02. The recent swing high 40051.05 so we are there at the cusp of the target. 40000 to be watched hereafter as psychological resistance or support whatever you call it. Major level ocn charts coming at 41141.66. N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
TVC:DJI
by kbr9121965
NASDAQ COMPOSITE INDEX WEEKLY GANN ANALYSIS FOR MAY 2024Nasdaq Composite Index had made an important swing bottom in the week of 10 Oct 2022 at 10088.83. As per monthly time cycle Sept 2022 was important we were off by two weeks. The level os 10000 was psychological support which was protected. Next target on it was Gann 50% Rule at 15000. This was attempted by it with a high of 14446.55 and 14370.91 at 50% time on the weekly time cycle at the fag end of July 2023. Thereafter we corrected for 12 weeks to make a low of 12543.86 on 23 Oct 2023 weekly candle. This was again 50% rule applied of the 50% rise given by the index. So from here we expected another 50% growth on price with targets of 17500.We have a recent high at 16797.83 on the last weekly candle. next week is important timewise and the figure of 17000 is important and 17500 is more important for the Nasdaq Composite. Let's see where we hit on the time cycle. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
NASDAQ:IXIC
by kbr9121965
S&P 500 INDEX WEEKLY GANN ANALYSIS FOR MAY 2024S&P 500 Index has been rising from the 10 Oct 2022 weekly candle with an low of 3489. The crossing of 3600 confirmed the low on it after it closed at 3761.40 on the 17 Oct 2022 candle. The geometry of market is working at its best with the index nearing the target of 5400 with the recent weekly high at 5327.30 on the last weely candle. We are nearing the completion of one of the weekly cycles coming to an end next week. The index can grow further on closing above 5400. Price cycle completion seen at 5670 to 5759.90. The said targets can be achieved after momentum above 5400. Downside levels to be watched for correction are 5130 and 5039.90. Recent low was at 4930. Swing target from the low comes at 5470. interesting to watch if hit the target of 5400 next week on the weekly time cycle. Happy Trading !!! N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
OANDA:SPX500USD
by kbr9121965