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readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

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Gann Angles on The Dow Jones Industrials

Gann Angles on The Dow Jones Industrials

A trend lines requires 2 points to draw, and Gann Angle only requires 1 point, a huge difference.

Why?

Simply that Gann Angle is not determined by price pivot points at the last price end, where as a trend line is. That is the beauty!

A Gann angle is a measure of the speed of the advance or decline, a measure of time by price of the price action.

The blue arrows show points of support along the blue dotted 2x1 Gann Angle, as stated above drawn off 1 pivot point. A trend line can not do that!

As you can see price is now entering a pinch zone, it will bust out either way.

Example of the INDU

Dow Industrials Gann Charts
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"Anyone who buys or sells a stock, a bond or a commodity for profit is speculating if he employs intelligent foresight. If he does not, he is gambling." ~ Richard D Wyckoff

"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." ~ Warren Buffett

 

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