Gann Trade 6 !!link!! -

Look for a minor decline lasting 2 to 3 bars.

A break above the high of the previous day (in an uptrend) signals the correction is over. Step-by-Step Execution The Buy Setup (Long) gann trade 6

A core component of the Gann Trade 6 is the timing of the correction. Gann noted that in a strong trend, prices rarely decline for more than three consecutive days (or bars) before resuming the trend. Look for a 2 to 3-bar counter-trend move. Look for a minor decline lasting 2 to 3 bars

In "choppy" markets, the 3-bar rule generates false signals. Only use this when the distance between highs and lows is expanding. Integrating Modern Tools Gann noted that in a strong trend, prices

Place your stop below the recent swing low created by the pullback. The Sell Setup (Short)

Place your stop above the recent swing high of the rally. Why Trade 6 Fails (and How to Avoid It)