Gann View of ES Futures 2009 to Present

CME:ES1!   None
152 1 1
Gann used a series of angles to help him to project future prices. The most important angle that Gann used was the 1x1 angle. This represented 1 unit of time by 1 unit of price. Gann specialized in looking for relationships between price and time. I thought that it was interesting to note the time and price relationship off of the 2009 to today. When price is above the 1x1 angle it's moving faster in price than time. It's now below the 1x1 angle, suggesting that the rate of advance may be slowing; Price looks to move from the 1x1 angle to the 1x2 angle from the 1x1 angle. The 1x2 angle is one unit of price to 2 units of time. The 1x2 angle sits currently around 1350. This would be a logical stopping point for the market as it slowly loses speed and begins to turnover to the downside.
Well done, the question is what is the price unit and the time unit you have considered in your chart?
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