This idea demonstrates a historical intraday case study using the WD Gann Square of 9 to identify price capacity and reversal zones.
On 29 September 2022, Axis Bank started the session near ₹730, which was used as the 0-degree (0°) reference on the Square of 9.
Using Square of 9 calculations, the next important degree levels were identified as:
45° → ₹717
90° → ₹703
During the mid-session decline, price reached the 45-degree level (₹717) well before the 2:30 PM time threshold, completing its normal intraday price capacity.
As per Gann’s price–time geometry, early completion of a degree move often leads to a temporary reaction or reversal.
Axis Bank respected this level and reacted from the ₹717 zone, confirming the validity of the Square of 9 projection.
This case highlights how degree-based price mapping, when combined with time awareness, can help traders define logical intraday reaction zones instead of relying on lagging indicators.
📌 Key Square of 9 Levels
0° → 730
45° → 717
90° → 703
📘 Educational Takeaways
Square of 9 defines price symmetry
Time confirms strength or exhaustion
Early degree completion increases reaction probability
Structure replaces emotional trading decisions
Disclaimer:
This idea is shared for educational and chart-study purposes only. It does not constitute trading advice.
On 29 September 2022, Axis Bank started the session near ₹730, which was used as the 0-degree (0°) reference on the Square of 9.
Using Square of 9 calculations, the next important degree levels were identified as:
45° → ₹717
90° → ₹703
During the mid-session decline, price reached the 45-degree level (₹717) well before the 2:30 PM time threshold, completing its normal intraday price capacity.
As per Gann’s price–time geometry, early completion of a degree move often leads to a temporary reaction or reversal.
Axis Bank respected this level and reacted from the ₹717 zone, confirming the validity of the Square of 9 projection.
This case highlights how degree-based price mapping, when combined with time awareness, can help traders define logical intraday reaction zones instead of relying on lagging indicators.
📌 Key Square of 9 Levels
0° → 730
45° → 717
90° → 703
📘 Educational Takeaways
Square of 9 defines price symmetry
Time confirms strength or exhaustion
Early degree completion increases reaction probability
Structure replaces emotional trading decisions
Disclaimer:
This idea is shared for educational and chart-study purposes only. It does not constitute trading advice.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.