Gann Fan


Gann Angles are drawn from a bottom or  top at various different angles. There are nine significant angles, the 1 x 1 is the most important:
1 x 8 - 82.5 degrees
1 x 4 - 75 degrees
1 x 3 - 71.25 degrees
1 x 2 - 63.75 degrees
1 x 1 - 45 degrees
2 x 1 - 26.25 degrees
3 x 1 - 18.75 degrees
4 x 1 - 15 degrees
8 x 1 - 7.5 degrees

 

Note that each of the angles can provide support and resistance depending on the trend. During an up trend the 1 x 1 angle tends to provide major support. A major reversal is signaled when prices fall below the 1 x 1 trendline.  As one angle is penetrated it is expected that prices will move to the next angle.

In the GannFan Parameters window you can change the angle parameter. A zero means no line will be drawn. You can also change the color and thickness of the lines.

 

Copyright 1996-2001 PAS Astro-Soft, Inc. Last updated: April 23, 2014 .  All names mentioned in this document are trademarks or registered trademarks of their respective owners.