Courtesy of Read the Ticker.
A trend lines requires 2 points to draw, and Gann Angle only requires 1 point, a huge difference.
Why?
Simply that Gann Angle is not determined by price pivot points at the last price end, where as a trend line is. That is the beauty!
A Gann angle is a measure of the speed of the advance or decline, a measure of time by price of the price action.
The blue arrows show points of support along the blue dotted 2×1 Gann Angle, as stated above drawn off 1 pivot point. A trend line can not do that!
As you can see price is now entering a pinch zone, it will bust out either way.
Example of the INDU
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Investing Quote…
…”Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe.”…
William D Gann
..“By failing to prepare, you are preparing to fail”..
Benjamin Franklin
