Gann Grid
19 hours agoA Gann Grid consists of a series of intersecting Gann Lines superimposed on a price chart. Gann's principles emphasize the significance of the 45-degree line, which signifies a 1:1 relationship between time and price (one unit of price corresponds to one unit of time). When the price is above the 45-degree line, it indicates an upward-trending market; conversely, when the price is below the 45-degree line, it suggests a downward-trending market.
The Gann Grid is a framework of lines designed to illustrate the trends of a particular asset. This grid is constructed using a series of 45-degree angles known as Gann Lines. The purpose is to depict trends, each represented at a 45-degree angle. According to Gann's theory, any line with a 45-degree slope serves as a long-term trendline, which can either be upward or downward, thereby reflecting the market trend.
For prices that remain below the ascending line, Gann's theory indicates a bullish direction. In contrast, if prices stay below the descending line, it is more likely to indicate a bearish market. The intersection of Gann lines signifies a break in the prevailing trend. Additionally, further intersections may indicate the emergence of a new trend. Furthermore, when prices decline to the line during an upward trend, it can reflect a balanced market.
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