## 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