Advanced GET Trading Blog: Gann Made easy

This is a weekly chart of Google (GOOG) with all sorts of Gann lines. I started with one box, then grew that box out, then grew that box out. Sound confusing? Read on.

Now, let's look at a weekly chart of (GOOG) with all the gann boxes stripped away except for the 1x1 angle. It becomes a very simple trendline. As you can see, the trendline has held four times during google's public life. Now something has changed.

Now we can wait to see if we can get a short triggered after goog rallies back to the trendline. This may also coincide with a stochastic sell on a daily chart.