Using only one tool with 4 clicks (4 anchor points) so much can be understood. Open you mind to more than simple trend lines and chart patterns and take your TA to a whole new level.
Not only can you use a gann fan in the upward position to help identify targets above, but it can be used in a downward position to help identify areas of resistance and to help predict runs out of a downtrend. The vast majority of the time when a stock passes through the last fan angle there is a significant run. Additionally, the vast majority of the time,...
The purpose of my post is not to teach anyone this method nor prove its success - I don't have the time. I am simply throwing out a bone to 99% of people on here whose thinking is limited to individual trend lines and patterns. These have their place however they are not the full story.
Anchor points are almost always the low before a run and the top of the bull...
Everyone, please learn how to use the gann fan, both in the upward and downward positions. Using trend limes and support/resistance and patterns is the tip of the iceberg. Learn:
- dow theory (6 tenants and 3 phases)
- gann theory (rates of change over time)
- wyckoff theory (accumulation phase)
Almost every idea I have seen on here misses key points from every...
