GANN FAN FULL TT [x8] (Total size: 20.6 MB Contains: 1 folder 9 files)
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Gann fans are a form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes.
Key Takeaways
The Gann fan, created by early market technician W.D. Gann, consists of a series of angled lines. The trader selects the starting point and the lines extend out into the future.
Gann believed the 45-degree angle to be most important, but the Gann fan also draws angles at 82.5, 75, 71.25, 63.75, 26.25, 18.75, 15, and 7.5 degrees.
The Gann fan originates at a low or high point. The resulting lines show areas of potential future support and resistance.
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GANN FAN FULL TT [x8] (Total size: 20.6 MB Contains: 1 folder 9 files)
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