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.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.