I posted back a few months ago how price seemed to run in certain channels and peaked when it hit one of the angles and seemed to drop away when it hit another angle of lesser degree, the lesser degree angle seemed to be the line in the sand that gave way when price was waning. It just so happens that I was over 100 years late with my observation, it turns out these are Gann angles and represent price & time, the 45 degree line is very important and represents 1 point in time for every 1 point in price and is the most important angle, price will always search it out, this chart shows another reason why we peaked at $1,304.40 on May 2nd.
http://invst.ly/1u98f