Advancing Five, Gann (Gann Matrix) Squares Gann ~ ETH Trend Analysis for the Time Window of 12/20/2024
On 12/16, when it surpassed the current wave high of 4087 on 12/6, the time window on 12/12 was revised to: Turning upwards!
On 12/19, when it broke below the low of 3617 on 12/18, a new wave downtrend formed, and the time window on 12/12 was revised again to: Turning downwards!
12/21 is the analysis day for the 12/20 turning point, using the high of 3720 and low of 3326 from the revised day on 12/19 as the turning point standards;
The closing price on 12/21 was 3338, which is between the high and low points of the revised day on 12/19;
Based on the analysis of 'Time = Trend', this indicates a continuation of the original trend, and the time window of 12/20 indicates: Continued turning downwards! (Refer to 'Gann Matrix - New Chapter on Time Calculation' P438)
The time trend moves towards 1/3……
The trend correction for the time window before 1/5 is: Surpassing the previous turning point time high of 3987 on 12/12.
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