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Gann Grid

A technical analysis tool developed by W. D. Gann based on his belief that the 45-degree line represents a sustainable trend. The Grid consists of multiple lines drawn at 45 degrees. Prices above a rising 45-degree line signify an upward direction in the market. Possible acceleration may find resistance at a higher 45-degree line. Similarly, prices trading below the rising line warn for a potential reversal to the downside with potential support at the lower 45-degree line. The same holds for the descending lines. When prices are below the 45-degree line, it signifies a downward direction. Declining prices may find support at a lower 45-degree line. Also, prices trading above the descending line signal possible reversal to the upside with a potential resistance at a higher 45-degree line.

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