"TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future. … There is a definite relation between TIME and PRICE. … Now, by a study of the TIME PERIODS and TIME CYCLES you will learn why tops and bottoms are found at certain times and why Resistance Levels are so strong at certain times and bottoms and tops hold around them. … The most money is made when fast moves and extreme fluctuations occur at the end of major cycles."

Forcasting by Time Cycles Course

W.D. GANN

Tuesday, 20 November 2012

NOVEMBER 21, 2012 CHARTS STUDY

Comparison of current year with 1992 in which year we are connected with Jupiter - Saturn Cycle. Unless there is an inversion we can see lower prices for two days.

Two resistance areas are waiting in front of us. One is Saturn longitude which is around 1.2820 and more stronger one from GANN Square which i shown bigger picture at weekend posts. GANN Square Line is around mid 1.28. If we overcome these areas we can have sharp up rally but i don't think we will overcome them without a retracement.

This is current 1h chart compared with the year 2002 in which year we had a similar movements. Unless there is an inversion we will have 18-20 hours down movement. I also added number of geocentric aspects in green line. Its turning points are also turning points of the price. I added possible turning points (Time zone UTC+2)


Finally 1h and 1d charts of the embedded solutions from timing solution software that are based on candle stick characteristics and auto-regression. Both lines in daily chart says we can have a correction on a rally tomorrow. 1h chart is not so clear to make a conclusion

So, we can expect a bearish day for EUR/USD market on November 21.

Good Trading
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