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360 Price analysis

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360 Degree Price Analysis

This worksheet is a price analysis based on 360 degrees of a circle. Enter the highest high and lowest low of a stock or commodity and the formulas will calculate the major resistance points. This uses the degrees of the circle to measure price and it’s relationship to support/resistance. Unlike the square of 9or the Hexagon chart, it does not have a numbering system that goes around incremented by 1. It works with the principle of the 360 degrees broken down by 45 degree increments which equals 1/8’s.

When applying this to price analysis, find a significant high and a low then enter the prices in the respective spaces on the template. When two or more prices from the numbers going up and down on the worksheet come together within a few tics, you will find a significant support / resistance area.

Reference several areas of highs and lows and and make a note of these price clusters. Then compare notes. The price area that comes up the most (prices do not have to be exact)  will be the area to watch for future price moves.  The most important angle is the 90 degree. The next most important is 180 degrees then 270 degrees then 360 degrees. Then the 1/3rds 120 and 240 degrees. Lastly the 225 and 315 degree areas. One area you will find price go to often is the 270 degree angle, so do not overlook this point it is powerful.  

Do not read into this deeper than what is required. It is essentially a simple process to find any support or resistance on any market. Here is a step by step tutorial to help you along. 1.) Enter the most recent significant high into the respective place on the template. 2.) Enter the most recent significant low into the respective place on the template.. 3.) Repeat the process for at least three highs and lows. 4.) Once you have the results of the printouts, compare the price support/resistance numbers for similarity. (The numbers do not have to be exact). The numbers that show up most will be an area to watch for the biggest support or resistance. If you do not understand the process, please re-read it slowly. I suggest you get the book I have on my website “Market Math & Gann Angles”. The book helps you to understand the concept better. It is only $19.95 for the ebook and it can now be downloaded off our website. Good Luck and Good Trading!

PIVOT:

The pivot program was developed by a floor trader on the Chicago Board of Trade to use in the Treasury Bond Pit. He found out it applied to any and all stocks and commodities.

By entering the High, Low, Close of yesterday, you will have the support resistance and pivot points for today. The PIVOT POINT is the point where the balance of buying and selling pressure converge and the point where price will begin to change trend. It is a great day trading tool. The weekly and monthly numbers add to the power of a number of support/resistance or the pivot. When price moves into these numbers that have all three (Daily, Weekly, Monthly) within a few tics of each other be alert, for trend change will most likely occur.

Why losses are so profitable:
“The most significant thing I can tell you about waiting for a consecutive number of losing trades in any system is that a unique factor also develops. After you have observed three or four losing trades in a row, the probability of the next trade being not only a winner but a substantial winner is way in your favor.”
Larry Williams

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Pivot Price analysis

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