acme
I use GANN as one TA methodology - check against others inc. Elliott Waves & indicators [pref is 50:30 Stochastic] to show lnoger term oversold & overbought situations.
On the daily chart a SINGLE day GANN swing chart shows the current trend as down - will remain so until a swing high is higher than the previous one & a swing low is higher that the previous swing low.
On the daily chart a TWO day GANN swing chart shows the trend as UP [GANN traders will look at both - the 2 day version takes out 'noise' & is the one I prefer].
The weekly version of the GANN swing chart shows the trend as UP - it is often used as confirmation / reference by longer term traders.
Based on the swing high of April 23 & the swing low of May2 BHP has retraced 160% since its swing high of May 16 - GANN regards this as exceptional [unlikely to go much further?]. The 200% retrace is at $43.36.
4YIO - NFA
friday open , page-38
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Last
$41.98 |
Change
-0.510(1.20%) |
Mkt cap ! $212.9B | |||
| Open | High | Low | Value | Volume |
| $41.51 | $41.98 | $41.45 | $377.1M | 9.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $41.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.99 | 1547 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |