[upd]: Gann Trade 6

Look for resistance at the 50% mark of the previous downward move.

Use the 1x1 angle to ensure the price is staying above the "angle of 45 degrees," which Gann considered the hallmark of a healthy trend. gann trade 6

Ensure the market is trending down with lower lows. Look for resistance at the 50% mark of

If you'd like to see how to apply this to a chart, or if you want a checklist for your trading desk, let me know! gann trade 6

If you are trying to trade the 5th or 6th "section" of a move, the trend is likely overextended. Trade 6 is best used early in a trend change.