“The time factor and time periods are most important in determining a change in trend because time can over balance price, and when the time is up the volume of sales will increase and force prices higher or lower” - W.D. Gann
Tuesday, September 9, 2008
Result: 8/9/2008 HAT for EURUSD
After taking a dive from point A for about 250 pips, EURUSD stalled for a pullback one bar before the forecasted 11:00 gmt HAT at B.
At C, one bar after HAT, price continued it's downward journey to D for about 180+ pips. For those who had missed the AB move, the HAT area at C would have been a good entry point.
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