The Gann fan providing pretty interesting guidelines to understand current PA (on the WEEKLY chart, this is very important). I´m aiming at swing trades in the low 5K at the moment. As previously stated, Gann is just one of the tools I use, but makes for an interesting confirmation bias (in confluence with Fibs, horizontals, EMAs, etc.) nevertheless .
Note:...
I´m using the Gann Fan on a 45º negative angle now, considering recent PA.
It´s not my main trading tool, but I´m using it as an additional piece of edge.
As one can see, I´m also using Fibs to try to find some confluence areas.
The 1/1 white line worked as resistance 03 days ago and it could act again on the next days, specially in confluence with the 0.382 Fib.
So far, working like a charm. Unfortunately, I did not take that trade though. The move happend much faster than I expected. But still, it shows the possibilities of Gann.
I've been dabbling into Gann lately, and so far this projections have been pretty accurate. I´m watching these areas below in confluence with other tools.
