Gann progression theory t well known that always get a lot of play when specs trying to get through 10c level and then the $1level. Normally get a few trades at each level. If doesnt hold then falls back a fair way.
Unx a current example. Second go at 10c level underway. Called first one. Didnt bother this week.
$1 level a classic. If does get thr and successfullly backtests then often quick move up If doesnt then look out below e g arm pek
rule of 3. If doesnt get thr on third go then sharp selloff. No middle ground.
Ie If doesnt get through on third go then wont on that run and market doesnt like sitting still.
Hadnt thought of 3c level but tend to agree.
Nwe classic example. Fell all way to 3c last year. Run up was just short of 10c. Couldnt break thr and back again.
