the hAnDbook oF teChnICAl AnAlySISFigure 19.26 shows the weekly Corn Gann fan lines redrawn from Point C,
the new peak, based on a parallel 1×1 degree line. We see the new 1×1 fan line
tracking prices closely, acting somewhat like a median line, that is, a line of bal-
ance between price and time. We observe price breaking below the 1×1 fan line,
indicating a strong downtrend in effect.
fiGure 19.23 Prices Reacting at Uptrending Gann Fan Lines on the Daily Chart of
Coffee.
Source: MetaTrader 4
fiGure 19.22 Prices Reacting at Uptrending Gann Fan Lines on the Weekly Chart of
Soybean.
Source: MetaTrader 4