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William Gann was born in 1878. Trying hand at stock exchange where he used his own funds, he released that a special expertise is required to trade. He researched the market and could calculate a precise time of reversals even for the year before.

Elliott waves for Forex correlation analysis

Support and resistance system should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.

How I draw strong support and Resistance

Before I call a level strong, the same level must met the following conditions.

  1. Must have been used as a support before.
  2. Must have been used as a resistance before.
  3. There must be a big candle that broke through it at one point in the past!

Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.


Wave Analysis Euro continues to rally to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continua

Wave Analysis Yesterday, the British pound created a fresh high by reaching the high of 1.42375. As long as the price does not clearly break and close above this zone, we are looking for a sell position from this point. This is a weekly resistance level and while we are not able to see any clear br

Wave Analysis Nothing much happened on this pair during the previous trading day. As it is now, we are still expecting further momentum to the upperside and should breakout above 105.489 with the next ideal target at 106.730. The anticipated bullish price rally is the continuation of the impulsive

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