Recently while reading "Encrypted Key to the Market by Greg Shrader "I came across an interesting concept. Concept was
if you count the bars between any to bottoms ( say 10) and than double the bar count( means 20 )... so from the bottom were you started the barcount and at 20th bar there will be a reaction,and
same goes for tops as wells, they will also show some reaction.
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To test this I worked on Nifty, please go thru the charts and
see for your self,
Â
As per the author it his concept of gann by 2, you will find at page
::a concept of greg shrader ::
in Technical Analysis
Posted
Hi,
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Recently while reading "Encrypted Key to the Market by Greg Shrader "I came across an interesting concept. Concept was
if you count the bars between any to bottoms ( say 10) and than double the bar count( means 20 )... so from the bottom were you started the barcount and at 20th bar there will be a reaction,and
same goes for tops as wells, they will also show some reaction.
Â
To test this I worked on Nifty, please go thru the charts and
see for your self,
Â
As per the author it his concept of gann by 2, you will find at page
33 of the book.
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Thank you sp90 for this wonderful posting:)
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You can check this book at
http://indo-investasi.com/showthread.php/5204-Greg-Shrader-material
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regards