Re: CT...better get back on target. 😁 *PIC*
what that movement looked like on the daily chart.
Gann sez concerning timing these things...when there's a big division due...expect price to top or bottom a little before or a little after the major timing mark.
Applying that to price, as you should, you can see on the cotton that the bottom was made on the quarter point of 48.75. That's 45 degrees plus 3.75. the halfway point between 45 and 60 is 52.5...halfway between 52.5 and 45 is 48.75. When price was at 48/75 and looking like a bottom...making bottom machinations, one might think...I'll see what it does at 52.50 which would be the proper thing to think. See if it regains that level.
Given that it did...one should expect it to continue to 60 since it had regained the halfway between 60 and 45...the 52.50 point.
break and test above sixty. check....break and test at 75...check...up to 90...where it broke above 90 by 3.75 points.
Why? Possibly because 93.75 minus 48.75 is a 45 degree move.
The trendline...up 45 price in 225 time. 225 being 45 degrees past 180.