This chart highlights an important learning example of the Gann Square of 9 — where price alignment occurred, but time confirmation failed.
On 10 July 2023, Axis Bank started a downside move.
The day’s high at 986 was selected as the 0-degree (0°) reference point, following standard Gann price–angle methodology.
Using the Square of 9, the following intraday levels were projected:
45° → 970
90° → 955
The stock reached the 45-degree level (970) around 1:00 PM, which is earlier than the ideal Gann timing window (around 2:30 PM).
While a short-term reaction is often expected near the 45° level, price failed to hold and continued lower, eventually trading near 965, moving toward the next degree zone.
This case reinforces a critical Gann principle:
Price alone is not sufficient — time confirmation is equally important.
Studying such failure structures improves discipline, expectation management, and probabilistic thinking in intraday trading.
🔍 Key Learning Points
📌 Key Gann Levels
0° → 986
45° → 970
90° → 955
Disclaimer:
This idea is shared strictly for educational and analytical purposes. It does not constitute trading or investment advice.
On 10 July 2023, Axis Bank started a downside move.
The day’s high at 986 was selected as the 0-degree (0°) reference point, following standard Gann price–angle methodology.
Using the Square of 9, the following intraday levels were projected:
45° → 970
90° → 955
The stock reached the 45-degree level (970) around 1:00 PM, which is earlier than the ideal Gann timing window (around 2:30 PM).
While a short-term reaction is often expected near the 45° level, price failed to hold and continued lower, eventually trading near 965, moving toward the next degree zone.
This case reinforces a critical Gann principle:
Price alone is not sufficient — time confirmation is equally important.
Studying such failure structures improves discipline, expectation management, and probabilistic thinking in intraday trading.
🔍 Key Learning Points
- Square of 9 defines price structure
- Time determines probability
- Early achievement of a degree level does not guarantee reversal
- Failure cases are essential for refining execution rules
📌 Key Gann Levels
0° → 986
45° → 970
90° → 955
Disclaimer:
This idea is shared strictly for educational and analytical purposes. It does not constitute trading or investment advice.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.