Resolved Question
What is the gann theory in technical analysis?
about 1 year ago
Best Answer - Chosen by Voters
Are you referring to the gann angles? According to the gann angles theory, when the trend is upwards and price remains in the area above an ascending angle, the market is said to be trending upwards strong. The opposite also applies. There are many kinds of gann angles, so if you want to know more about his theory, i suggest checking out his book entitled "the basis of my forecasting method. "
about 1 year ago
Answers (1)
Gann theory makes use of price patterns to predict price movement. Some examples of these price patterns are based on square numbers (16, 25, 36, 49, 64) or other significant numbers such as 7 (days in a week), 12 (number of months, disciples, zodiac signs), or 365. For example, these numbers can be used to predict that the reversal would occur 64 cents from the previous day's low. It sounds like a pretty unusual approach to trading but gann used a combination of these price patterns to come up with more complex chart patterns. If you're interested to learn more, check out the link i posted.
about 1 year ago
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