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specifically, where do you locate the second point, so the arcs have best chance of resistance / support at time markers?
do you align the 2nd point vertically with the 1.25 of the fib time retracement?
or do you align the first arc with the 3rd candle (fib sequence), and since upward motion, you touch the upper close of that candle?
when you draw a Gann square in TradingView, you have two points, the starting point, which is your low, and the second point. The second point controls the spacing of the arcs. Do you use the arcs as a visual indicator of when price action might "ride the curve of the arc", or do you not use that in your analysis?
When price falls below the 1x1 ray, do you invalidate the setup, or only after it drops below the first point's low price?
Just Google a square root calculator, figure the square root from the low/high of whatever pair you're looking at, then add/subtract the square root from the low/high. You should then be able to figure out where each square root lands on the chart (1,2,3,4,5,etc...)
We highlighted the 50% Fib level because it was the first one which coincided with a square root as well as a possible Fib Time Zone. The 61.8% level would come into play only if the 50% doesn't hold or if the 50% level is hit many days prior to the Fib Time Zone.
low was 1.514
sq rt of 1.514 = 1.23
if i add them together i get 2.744, way off the chart.
if i subtract 1.514 - 1.23 = 0.284, again way off the chart.
but if i divide the sq rt 1.23 by 100, i get 0.0123
1.514 + 0.0123 = 1.527 , which appears very close to the first horiz line of the gann square.
so do you then draw your Gann Square buy seting the first point at the low 1.514, and then scale the Gann Square so the first horiz line (the sq rt) is at 1.527, and that establishes the spacing of the horizontal squares of the larger gann square?
then since the gann square has vertical lines also as part of the square levels, 1, 2, 3, etc., you can look for alignment with fib time zones?