Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Next Resistance near 5020-5040?

12 sec read


 
Chart shown is the Shorter term GANN Chart which shows that next shorter term GANN lines are near 5020-5040 levels.  Fibonnaci retracment  levels 38.2%, 50%, 61.2% are shown in the chart(Brown Lines). Just check out how market respect those zones. And still the long term supports are resting near 4800 levels and will increase with respect to time

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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4 Replies to “Next Resistance near 5020-5040?”

  1. Sir,
    How to check whether the gann fan drawn by us is correct or not…is it necessary that the 45 degree should be the diagonal of the gann squarE.
    Thank you in advance.
    prabha

  2. Prabha,
    I draw the GANN Charts either connecting the major high’s and low’s(Both Shorter term and long term) and with respect to time iam once again shifting the same lines to lows to major Support or from High’s to major resistance. By doing so most of the time iam able to find interesting supports/Resistance…. Just have a try it would be fun

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