texagg22
Education

The Gann Fan- A super simple guide

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The Gann fan can be a powerful tool, here is a super simple introduction on how to use it.


Use the angle tool to draw a 45 degree angle, ideally from a local low to a local top or visa versa, go to your chart settings and lock the price/bar ratio so that when you zoom in and out the aspect ratio stays the same and so to does the 45 degree angle. Draw the GANN fan down from the the two points connected by the 45 degree angle...study how the price action interacts with each diaganol, enjoy.


Comment: This may not be perfect but its how I use it...another example of how I might draw the fan. Note...I usually click on "auto" in the bottom right hand corner to get my chart set up then try and find the best fit 45 degree line.

Thanks for this :)
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where did you place your gann fan? I used it before when we are above 6k. when it fell, I'm not sure where to place it now.
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texagg22 angelsmfg
@angelsmfg, answered this in my update
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angelsmfg texagg22
@texagg22, I just did one now on weekly and daily. if it will go the the next line, around 2,800 and 2,700. right now it's on the upper line and holding on it
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texagg22 angelsmfg
@angelsmfg, please show us :)
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angelsmfg texagg22
@texagg22, the bigger shade is my weekly then the smaller gann fan is daily. we can still put more on daily. I am not just sure which high price should I place it for now. My 2,800 to 2,700 was from weekly although on daily it will still play on those lines if one by one it will be broken but I think it will only go to 2.800 or 2700 on the weekly gann fan once the last line and base on daily is broken. What do you think?
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angelsmfg texagg22
@texagg22, it was a quick one that I did. I still have to review it. I was in a hurry when I did it.
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angelsmfg texagg22
@texagg22, Thanks for reminding me to use gann fan again. After it fall from the last one I did, I forgot to use it again as there is no relevant low price to put it yet. Now that we have another low price, I think it will be good to use it again.
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