Dear All###
Most Traders are used to Elliott wave Principle and many traders are follows the
Gann.Is there any rule that,using both in combination? No.But you may say that
who are using Elliott wave and Gann Angle both in trading Methodology,is a
very Deadly winning combination.
Gann angle are used to forcasting ,trading and potential reversal using Price time Square.
When we use Gann Angle forcasting for Price whether it is Resistance or support.
But in case of Gann Angle forcast,as price and time square each other at price 6838
Gann angle are used to forcasting ,trading and potential reversal using Price time Square.
Where Elliott wavePrinciple are used to forcast the structure of the market.
When we use Gann Angle forcasting for Price whether it is Resistance or support.
Knowing your potential Resistance or support in advance gives much more confidence
when you place the trade.As in my earlier post I have mentioned that in beginning
of a new wave,you may not be in a commanding position to forecast the new wave
as bullish Elliott wave or bearish retracement.In Present scenario Nifty 50 (6825-7992)
Elliott wave analysis are divided into two groups bullish and bearish.As per Elliott
wave principle 7517 .
But in case of Gann Angle forcast,as price and time square each other at price 6838
and Nifty made a low of 6825 it is within the acceptance error.From 6th April onwards
I have mentioned that 7965 is the potential Price.Now major support at 7667 and then 7520.
Any way I am not saying that one principle is better over another,But Elliott wave and
Any way I am not saying that one principle is better over another,But Elliott wave and
Gann Angle both in trading Methodology,is a very Deadly winning combination.
Before you Enter this world of Number,study above the two Principle to WIN WIN.
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