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The mysterious trader
That which has been is what will be, that which is done is what will be done, and there is nothing new, under the sun.
William Delbert Gann is perhaps the most mysterious of all the famous traders in history. Known for using geometry, astrology and ancient mathematics to predict events in the financial markets and historical events. He believed everything occurring in markets has historical reference points. Essentially, everything has happened before and will eventually repeat itself. He studied ancient geometry and astrology to investigate how market events and specific numbers repeated across various time cycles.
Gann is capable of predicting PRICE & TIME even before the tops and bottoms are formed
All the techniques taught here are hundred percent practical and can be applied successfully in any market and in any time frame throughout the globe.
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25200 now becomes a very important support level and 26300 is an important resistance. Either side break out to provide next directional move .
Last week I clearly indicated that trend in nifty is bullish and the Pressure Week effect was clearly visible . A good rally was visible after it breached
Dow was unable to trade above Gann resistance 26300 . We witnessed almost 1000 points correction from this level.
Dow stopped exactly near Gann resistance 26300 . This levels still remains a major Gann resistance level
Nifty is trading near very crucial zone and any close below 10550 will be a worrying sign for the bulls.
10990 resistance was breached last week but by the closing of the week it collapsed below this crucial resistance. Trend remains sideways with slightly positive bias.