Our word of the day is “Gann Angles” WD Gann created a method of predicting price

movements through the relationship of angles on charts.

There are many variation of Gann's theory.

Gann Angels believe that there is an ideal balance between time and price which exists

when prices move identically to time, which occurs when the Gann angle is at 45 degrees.

In total, there are nine different Gann angles that are important for identifying trend lines

and market actions.

When one of these trend lines is broken, the following angle will provide support or resistance.

Gann was fascinated by the relation of time and price.

Gann drew his angles from all significant price pivot point highs and lows.

He used just one pivot point to draw an angle that rose (or fell) at predetermined and fixed

rates of speed.

Gann angles are a popular analysis and trading tool that are used to measure key elements,

such as pattern, price and time.

The often-debated topic of discussion among technical analysts is that the past, the present

and the future all exist at the same time on a Gann angle.

When analyzing or trading the course of a particular market, the analyst or trader tries

to get an idea of where the market has been, where it is in relation to that former bottom

or top, and how to use the information to forecast future price action.