Gann Analysis: Spotting Support & Resistance Levels In Crude Oil

Example 1: Use of Gann Theory to do proper analysis on Crude oil

(1) On 20/11/23, at 22:30, Crude Oil make a top and started falling.
(2) Placed this top price 6548 in Gann Circle in 0 degree to get 135 degree value downside. I got 6427 level as a 135 degree, also shown in below attached image.
(3) We can see that Crude Oil has taken good support at 135 degree ( 6427 level ).

In my Gann Course, how to calculate 135 degree is covered in Gann Square Of 9 topic.

Example 2:

(1) On 20/11/23, at 22:30, Crude Oil make a top and started falling.
(2) After taking support at 1st 135 degree, again it has taken support at 3rd 135 degree (405 degree) on 22/11/23 at 20:15. 405 degree value was 6189.
(please refer image where it is shown how Crude Oil has taken support at 405 degree.)

Example 3:

(1) As mentioned in previous Example 2, Crude Oil bounced from 6189 and then lets see where that bounce faced rejection..
(2) On 22/11/23, at 20:15 time it actually bounced from 6170. So, keeping this 6170 in 0 degree to get upside 135 degree values..
(3) On 23/11/23, at 13:30 Crude Oil again faced rejection. This rejection has again a connection with 135 degree. By this I mean, Crude Oil went up from 6170 & faced rejection at 6408 which is an exact 270 degree (135*2) from marked 0 degree level (6170)

Example 4

(1) In Crude Oil, From marked 0 degree (6408 level),
it was falling so calculated 135 degree value down side,
(2) Down side 135 degree level was 6288 where it reached on 23/11/23 at 19:30 and
(3) Post falling till 135 degree (6288) Crude Oil took support and bounced.

Example 5

(1) From 23/11/23, 19:30 Low price (6287) Crude Oil started moving upside,
(2) Marked that 6287 low price as a 0 degree to get upside 135 degree value,
(3) After reaching upside 135 degree (6406 level), Crude Oil started struggling and finally had a sharp fall on 24/11/23 at 22:15.

Example 6

(1) From 24/11/23, 21:00 High price (6436) Crude Oil started moving downside,
(2) Marked that 6436 high price as a 0 degree to get downside 135 multiple degree values,
(3) After reaching downside 270 degree (135*2) (6198 level), Crude Oil bounced on 27/11/23 at 17:00.

Example 7

Crude Oil respects 4th cycle (135*4=540 degrees).
In below image, we can see how Crude oil stoped falling post reaching 4th cycle i.e. @ 540 degrees on a certain price action.