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Gann Fan

A technical analysis tool Developed by W. D. Gann to study the price charts. He believed that when prices rise or decline at a 45o angle, then price and time are in balance, signifying a sustainable trend. The corresponding line is also known as 1x1. It is read as “one by one” meaning one unit of price by one unit of time. Steeper lines with corresponding greater angles above the 1x1 line are considered steeper and not sustainable. These act as resistance when the price accelerates above the 1x1 line. These lines are: Price x Time Degrees 1 x 8 82,5 1 x 4 75 1 x 3 71,25 1 x 2 63,75 Similarly, four slower lines below the 1x1 act as support: Price x Time Degrees 1 x 1 45 2 x 1 26,25 3 x 1 18,75 4 x 1 15 8 x 1 7,5 Gann considered the 1 x 1 line as the most important for the trend. The Gann fan tool is available on NAGA Trader.

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