Hi All
Lines of Gann Fan are built at different angles from an important base or peak at the price chart. The trend line of 1х1 was considered by Gann the most important. If the price curve is located above this line, it is the indication of the bull market, if it is below this line it is that of the bear market. Gann thought that the ray of 1x1 is a powerful support line when the trend is ascending, and he considered the breaking this line as an important turn signal. Gann emphasized the following nine basic angles, the angle of 1x1 being the most important of all:
*
1х8 82.5 degree
*
1х4 75 degree
*
1х3 71.25 degree
*
1х2 63.75 degree
*
1х1 45 degree
*
2х1 26.25 degree
*
3х1 18.75 degree
*
4х1 15 degree
*
8х1 7.5 degree
Lines of Gann Fan are built at different angles from an important base or peak at the price chart. The trend line of 1х1 was considered by Gann the most important. If the price curve is located above this line, it is the indication of the bull market, if it is below this line it is that of the bear market. Gann thought that the ray of 1x1 is a powerful support line when the trend is ascending, and he considered the breaking this line as an important turn signal. Gann emphasized the following nine basic angles, the angle of 1x1 being the most important of all:
*
1х8 82.5 degree
*
1х4 75 degree
*
1х3 71.25 degree
*
1х2 63.75 degree
*
1х1 45 degree
*
2х1 26.25 degree
*
3х1 18.75 degree
*
4х1 15 degree
*
8х1 7.5 degree
