20 likes | 30 Views
These techniques and strategies have proven instrumental in pinpointing and explaining market tops and bottoms.
E N D
What You DiDn’t KnoW about Gann Trading Method Gann Fan's trading strategy is well known among traders who look for the technical analysis behind the ups and downs of stocks. Gann Fan's trading strategy is well known among traders who look for the technical analysis behind the ups and downs of stocks. This trading strategy is a complex support and resistance trading strategy which utilizes diagonal support and resistance levels. These techniques and strategies have proven instrumental in pinpointing and explaining market tops and bottoms. While it's always unclear why a specific time and price symmetry identifies a market turn, these symmetries exist, which is why Gann fans and angles prove correct and accurate. One significant reason why Gann's analysis angles are superior to horizontal support and various resistance levels is that financial markets are geometric in their movements. If you tend to spot a pattern or any geometric shape in a chart, there is a high probability you can spot them at Gann fan angles. The Core of Gann Theory We know that Gann's theory is used to predict the future movement of the market. Therefore, the true purpose of Gann is to understand this concept: At various times, the different aspects will influence the market, and this is why Gann used natural law and geometric proportions like circles, squares, and triangles in his analysis. Therefore, it can be said that Gann's trading methods are based on the relation of price and time. It concludes with two points: * Gann forecasting method based on Geometry and astronomy, and ancient mathematics * If the time cycle exists in nature, then it exists in the market as well Drawing Gann Fan Angle Gann believed that when price and time moved in sync, there's an ideal balance in the market. The most significant part of the Gann theory revolves around the fact that prices are 1/1 line. The straight 45-degree line will determine a bull market, and prices below the choose the bear market.
Despite the detractors of the Gann theory, his theories have remained fundamentally solid and have been successfully adopted by several generations of traders. Experts recommend connecting with them because, with fresh information about how to use price scales when charting forex, they help in suggesting the best possible way to continue your trading. Who Can Learn to Use Gann Fans? Gann fans are art and involve intense study by potential users. It is challenging for students to learn that because of W.D. Gann wrote most of his studies on Gann fans and angles in cryptic language. That being said, Gann fans are based on logic and can be learned and applied by anyone. If you are interested in learning how to use Gann angles, connect with an expert online as it is the easiest and most convenient way. Note Price and time are a must-read for anyone looking forward to understanding and implementing this method in detail. Once understood, it is one of the most critical and powerful trading methods. Author’s Bio - The author is a blogger and this article discusses important aspects regarding Gann trading angles and fans. Gann Analysis LLC Phone- 609 203 2757 Address - 8502 Ashlawn Dr Houston Texas 77083 USA Website- www.gannanalysis.net