A core component of the Gann Trade 6 is the timing of the correction. Gann noted that in a strong trend, prices rarely decline for more than three consecutive days (or bars) before resuming the trend. Look for a 2 to 3-bar counter-trend move.
A break above the high of the previous day (in an uptrend) signals the correction is over. Step-by-Step Execution The Buy Setup (Long) gann trade 6
Place your stop above the recent swing high of the rally. Why Trade 6 Fails (and How to Avoid It) A core component of the Gann Trade 6