Chapter 5 Gann Theory Example
Here is an example to illustrate the benefits of Gann’s theory for traders.
Suppose the market follows an upward trend and stays above the ascending angle, and doesn’t break. If the Gann theory is used to analyse this situation and predict the movement, it will suggest that the market will follow an upward trend in the coming time.
On the contrary, if the market is following a downward trend and the stock price doesn’t cross the descending triangle, Gann’s theory will suggest that the prices will continue to decrease. This way, traders use the Gann trading strategy to make profitable decisions.
You can quickly grasp the basics of the subject with the help of gann anglesIntraday trading using the Gann Theory. Let's look at a simple example to understand the concept. If the market is in an upward trend and does not break, it means that the market will remain in an uptrend until the angle trend line breaks.
Gann theory can be useful to traders in order to make good returns on the market. There are many Gann theory books that you can find online or offline. The books can be used to help you trade. We have provided basic concepts regarding the application of Gann Theory.
