Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2008 by Patrick Mikula All Rights Reserved.
Here is an example of using the Gann swing chart on a 5 minute chart for the Dow Jones symbol INDU. The Gann swing chart will make several small turns during the trading day that do not amount to much, but the Gann swing chart will usually identify the largest swing during the day. The first chart below shows the 5 minute chart for July 24. You can see on this chart, the largest down swing during this day was identified by the Gann swing chart.
Gann Swing Chart 1
The next chart shows the 5 minute chart for July 25 for the same symbol INDU. During this day you can see the Gann swing chart again made several small turns but again did identify the largest swing. On the chart below, the largest swing was a down swing from 10am to 1pm. The value of the Gann swing chart, is that it will usually identify the largest swing either up or down using the day.
Gann Swing Chart 2
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