Gann Fan
19 hours agoA Gann Fan is a drawing tool used for analysis, designed to show time and price movements from significant highs and lows, as well as to identify price breakouts. The angled lines radiate from a chosen point, illustrating a relationship between time and price that can vary in speed, depending on the size of the Gann angle.
This analytical tool is based on Gann Angles, a highly effective technique developed by the renowned stockbroker W.D. (William Delbert) Gann. Gann posited that specific geometric patterns and angles possess distinct characteristics that can be utilized to accurately forecast movements in both price and time, thereby highlighting future occurrences of time and price shifts from key highs and lows and identifying potential price breakouts.
According to Gann’s methods, charts should utilize equal time and price intervals, as he believed that the optimal time and price occur when prices increase or decrease at a 45-degree angle relative to the time axis, referred to as a 1×1 angle (one price unit rise for each time unit).
Gann asserted that a trendline of 1×1 or higher signifies a bull market, while instances falling below this trendline indicate a bearish market.
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