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Strategies & Market Trends : Technical Analysis - Beginners
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To: Richard Estes who wrote (9796)3/14/1999 9:47:00 PM
From: Richard Estes  Read Replies (3) of 12039
 
Quick method of determining trend by Gann:

A major trend change will occur when there are 3 periods of Higher high and higher lows to the long side. The trend is considered to be in place until you have 3 periods of lower highs and lower lows. You ignore the inside bars in your count. An outside bar is found on major turns often. The outside bar is a higher high and a lower low, the thing to be aware of is the correct order of the high and low to give you an idea of trend continuation.

The method above works on all charts. the ending points of the trends form highs or lows to consider for support and resistance, stops, and etc.
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