Reblog: The Best Gann Fan Trading Strategy
How to use the gann fan indicator, How to draw gann fan, these are the most common questions about this indicator. For good reason though!
This trading strategy is a complex support and resistance trading strategy that uses diagonal support and resistance levels. Unlike the traditional horizontal support and resistance levels, the Gann fan angles are mathematically calculated based on the price, time and the price range of the market. If you want to learn how to correctly trade horizontal support and resistance level we’ve got your back, just read Support and Resistance Zones – Road to Successful Trading.
Our team at Trading Strategy Guides has developed the best Gann fan trading strategy which can be applied to all markets because according to the Gann theory, financial markets move as a result of human behaviour which makes them cyclical in nature. In other words, history is a good predictor of future price action.
One of the main reasons why Gann fan angles are superior to the horizontal support and resistance levels is that financial markets are geometric in their movements. This means that if you can spot a pattern or or any other geometric shape in a chart, then there is a high probability you can spot them at the Gann fan angles.
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Before we get started, let’s look at what indicator you need for the job for the Best Gann Fan Trading Strategy: