Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
Observation with GANN and DowJones
29 sec read
Last three days of price action in dow is really mindblowing. On tuesday it looks like Dow Jones had broken
the GANN Resistance zone after closing above long term GANN Resistance 10,838. But the very next day if had falled and closed below 10,838 decisively. Even yesterday when US market opened and trying test near the 11,000 zone i feels like 11,000. But When i woke up in the morning it is a big surprise for me. I took my Amibroker and downloaded the dowjones EOD data. I was surprised. Still Dow Jones is very closer to the GANN Resistance level. Any Fall below 10,838 should attempt to target the first support zone 10,400.
Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
