🔺 Gann Trend Analysis
The red upward sloping line is a long-term Gann trendline connecting major swing lows since late May.
According to Gann principles, trendlines from major pivots are often tested again before a major reversal.
The annotation “a trend should be tested again” aligns with the Gann philosophy: after price rallies away, it often returns to test the base trendline.
The cluster of vertical blue time cycle lines (June 26) implies an important Gann time window, potentially a reversal point.
📐 Channel & Price Structure
A small ascending wedge/channel is drawn in red, signaling rising but weakening momentum.
Price is now approaching key resistance zones marked in yellow and green (1.1640, 1.1650, 1.1660, 1.1683).
These resistance zones suggest potential exhaustion, making the upper boundary of the channel a sell zone.
🔻 Bearish Scenario & Projections
Blue arrows indicate the expected bearish path after hitting resistance.
The reversal target is the Gann trendline retest zone around 1.1500–1.1520.
A break below this Gann trendline could trigger deeper drops in alignment with time-based cycles.
⚠️ Conclusion
This setup implies:
Bearish divergence between price action and time cycles.
Resistance clusters = likely reversal point.
Retest of the long-term Gann trendline is highly probable.
The red upward sloping line is a long-term Gann trendline connecting major swing lows since late May.
According to Gann principles, trendlines from major pivots are often tested again before a major reversal.
The annotation “a trend should be tested again” aligns with the Gann philosophy: after price rallies away, it often returns to test the base trendline.
The cluster of vertical blue time cycle lines (June 26) implies an important Gann time window, potentially a reversal point.
📐 Channel & Price Structure
A small ascending wedge/channel is drawn in red, signaling rising but weakening momentum.
Price is now approaching key resistance zones marked in yellow and green (1.1640, 1.1650, 1.1660, 1.1683).
These resistance zones suggest potential exhaustion, making the upper boundary of the channel a sell zone.
🔻 Bearish Scenario & Projections
Blue arrows indicate the expected bearish path after hitting resistance.
The reversal target is the Gann trendline retest zone around 1.1500–1.1520.
A break below this Gann trendline could trigger deeper drops in alignment with time-based cycles.
⚠️ Conclusion
This setup implies:
Bearish divergence between price action and time cycles.
Resistance clusters = likely reversal point.
Retest of the long-term Gann trendline is highly probable.
Markets move in angles. I follow the lines.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Markets move in angles. I follow the lines.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.