Introduction To Gann Theory | Gann Square From ScratchHello, traders!
Today we gonna start one of the most complicated topics. Please pay as much attention as it possible and ask any questions you like.
Gann technical analysis methods are a bit complicated because they are based on geometry, ancient mathematics, astrology, and astronomy. Popular technical methods like Gann Angles and the Master Charts are at Gann’s disposal. The Gann Square is also among the several powerful tools that Gann developed.
How to use?
It can be used in a variety of ways.
One way is to start at the previous major pivot point (normally the end of the last 5 wave sequence) and draw it so that the 1 X 1 line follows the current market support areas to a good degree.
Simply put, if you want to draw it from the higher high, the end should be at the previous lower low to follow the price cycles. And if you are drawing it from lower low, finish it at previous higher high.
Another way is to highlight geometric formations that can forecast key support and resistance levels by counting forward from the all-time low or all-time high.
Well, I understand the difficulty of the instrument. It's kinda difficult to use it from scratch. However, tomorrow I will elaborate this article with short analysis using this powerful tool.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
