Basics of Gann Analysis
fiGure 19.24 Prices Reacting at Downtrending Gann Fan Lines on the 4‐Hour Chart
of Sugar.
Source: MetaTrader 4fiGure 19.25 Prices Reacting at Downtrending Gann Fan Lines on the Weekly Chart
of Corn.
Source: MetaTrader 4Gann’s square of nine: price projections (Circle of price)
Gann’s Square of Nine is an extremely popular Gann technique for forecasting po-
tential future support and resistance in the market. Once current price is identified
on the Gann square, future resistances can easily be identified by locating, in a
clockwise direction, prices that correspond to higher prices occurring at the fol-
lowing angles: 90, 180, 270, 360, and so on.