The 5 minute chart pairs below for Monday, Tuesday, and Wednesday January 26-28 may look normal until you look more closely. The top chart of each pair is actually an intraday forecast we generated with a proprietary technique that W. D. Gann used for forecasting market patterns. The forecast was generated well before the market opened. Since “a day is as a year” we can use this same annual technique to generate a faux 5-minute chart of the form of the ES futures contract before the day opens. The bottom of the pair is an actual 5 minute chart of the S&P 500 ES H5 futures contract for that day.
1/26 shown below. Very tempting. In our opinion the main move and close occurs in relation to the open is accurate. So if the forecast for instance in 1/28 shows the price moving much lower than the open at any time during the day or the close, a trader or prop firm can trade an options spread in the direction of the forecast trend. Waiting for a divergence with the forecast in the actual price action to enter may increase your odds. The trick is that there are about 2 or 3 days per month where the forecast and actual price action for that day invert. We teach this intraday forecast along with how to obtain both curves in W. D. Gann’s annual forecast in our “W. D. GANN: MAGIC IN THE MARKETS” Course.
DISCLAIMER: The examples above are given as demonstrations of technical analysis and are not trading or investment advise.