VELO at Major Turning Point?

### Importance of the 145-Day Cycle:
1. **Intermediate Cycle**: The 145-day cycle is often viewed as an intermediate-term cycle. It can help traders identify potential turning points within a larger trend¹.
2. **Market Timing**: Gann believed that markets move in predictable patterns and cycles. The 145-day cycle can be used to time entries and exits more effectively by anticipating when these turning points might occur¹.
3. **Repetition and Symmetry**: Gann's theory emphasizes the repetition and symmetry of market movements. The 145-day cycle fits into this framework, providing another layer of analysis for traders looking to understand market behavior¹.

### Application in Trading:
- **Chart Analysis**: Traders often mark the 145-day intervals on their charts to look for patterns or significant price movements that align with these dates.
- **Confirmation with Other Indicators**: The 145-day cycle is usually used in conjunction with other Gann tools, such as Gann angles and the Gann Fan, to confirm potential support and resistance levels².
- **Historical Data**: Analyzing historical data to see how the 145-day cycle has influenced past price movements can provide insights into future market behavior².

### Example:
If a stock has shown significant price movements or reversals around the 145-day mark in the past, traders might anticipate similar behavior in the future. This can help in planning trades and managing risk.

### Conclusion:
While the 145-day cycle is not as universally recognized as some of Gann's other cycles, it can still be a valuable tool for traders who incorporate Gann analysis into their strategies. Its importance lies in its ability to provide additional insights into market timing and potential turning points.