Price Squaring Update

Here's a quick update on the Price Squaring chart for GBP/USD. I took the low price from that first chart and used the last two digits 53. Since the 39 bar cycle was hitting, I left it up. And instead, added some simple bar counts from swing highs/lows. I thought I had a screen shot from last week when I put up the projections but I guess I didn't take one. But you'll have to take my word for it. Below is the current hit.

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Back to the Future

One of the more interesting phenomena about the Gann Square and balancing price-time is that the cycle work backwards in time as well. When I'm squaring the range on certain time frames, the end of the range is 2 or 3 complete cycles away from the end of the square. In this case, I usually just multiply the time factor by 2 or 3. The other technique is to just move the square. If the initial square is valid to price swings in the past, then moving it to signficant highs/lows should show price reactions in kind.

The first chart is the initial square based on a range of price. Because of the time frame, the square is pretty far from the end of the range. But look at how price reacted at the end of the square. Bang on with price dropping significantly over the course of a week.

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Moving the square to the next high yields another interesting result.

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And again....

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And finally up to today. The end of square is a few bars out, but close enough for me (I've got other cycles hitting today so those were the main basis for my entry.)

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And to conclude, here is the square by multiplying the time factor by 2. A perfect squaring of price and time.

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So as you can see, price-time sometimes puts things in the past and then it's a matter of just getting things back to the future. I was trying to think of a "Hot Tub Time Machine" movie analogy, but wasn't able to come up with any that weren't junior high potty humor. Yes, I admit to seeing that movie.