This week we look at AAPL
I have a query regarding the positioning of the start of the price retracement in January 2019 for AAPL. It’s obviously a major low, however I’m wondering about the retracement in June 2019, which came back 61.8% as well. Because it retraced so far, past 50%, will that have any bearing on where the retracement should commence? Regards, Peter Bailey
I always remember that Gann kept a record card of all major highs and lows and levels between them. So you may have a top and a low in between another top and low and any combination of tops to lows can create support or resistance in the future. With Optuma we can create layers and/or hide some tools whilst displaying others so it makes the job easier. In my own plan I will use the major significant tops and lows and then follow the dominant trend as per the Gann swing chart. Easier to track this way.
Hope this helps,
Your email address will not be published. Required fields are marked *