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:

This is useful (for example) when studying different divisions for line projections. In the picture to the right the divisions are created between A and B . C is a trend line drawn using the Trend Line Drawing Tool. Where the lines cross at C can be used to project lines coming from A and/or B.

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 color and thickness of the lines.

Since 1992