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Predicting the Market Using Gann Angles – An Alternative Slant on Market Timing
W. D. Gunn was a prolific writer and trader and built a fortune of over $50 million (equivalent to $500 million today!).
Many of his trading predictions were a matter of public record. For example, he correctly predicted the disaster of 1929 a year in advance!
Hahn died in 1955, but he still maintains his legendary status as a technical innovator.
By predicting the market using Hann’s angles, you can add a valuable tool to your trading strategy.
Assumption: By studying the past, we can predict the future
Hahn based his price action predictions on three premises:
1. Cost, time and range are the only three factors to consider.
2. Markets are cyclical.
3. Markets are geometric in design and function.
Gunn believed that human nature was immutable and this manifested itself in recurring price patterns that could be identified and therefore acted upon to increase profit potential.
Hann’s strategy for trading success
Based on the assumptions above, Hann’s strategies revolved around three areas of forecasting:
1. Price Study – This study uses support and resistance lines, pivot points and angles.
2. The study of time is the study of historically recurring dates derived from the natural order.
3. Pattern Study – They study market fluctuations using trend lines and reversal patterns.
Construction of Hann’s angles
Market forecasting using Hann’s angles requires subjective judgment and practice. Here’s what you need to do:
1. Determine the time units – One common way to determine the time units is to examine the chart and look at the distances at which price movements occur. Then check the angles and see how accurate they are. Medium-term time frames (one to three months) tend to produce the optimal number of patterns compared to short-term daily or multi-year charts.
2. Determine the maximum or minimum from which to draw the Hann lines. The most common way to achieve this is to supplement it with other forms of technical analysis, such as Fibonacci levels or pivot points. Hahn used what he called “vibrations” or “price swings.” He identified these by analyzing charts using theories such as Fibonacci numbers.
3. Decide which pattern to use – the two most common patterns are 1×1, 1×2 and 2×1. These are just variations of the slope of the line. For example, 1×2 is half the slope of 1×1. The numbers simply indicate the number of units.
4. Look for patterns – the direction will either be down and to the right of the high point or up and to the right of the low point.
5. Look for repeating patterns on the chart – This technique is based on the premise that markets are cyclical.
Using Hann’s angles to profit from trading
The most common use of Hann’s angles in market forecasting is to indicate support and resistance levels. Many other trading methods use support and resistance lines, so what makes the Hann method different from the rest?
Very simply, when forecasting the market with Hann, angles add a new dimension to support and resistance levels as they can be diagonal.
Anna’s optimal formation
The optimal balance between time and price exists when prices move in the same way over time. This occurs when the Hann angle is 45 degrees.
There are a total of nine different angles of Hann. If one of these trend lines is broken, the next angle will provide the next level of support or resistance.
Learn more about the legendary trader
Market forecasting using Hann’s angles is both original and innovative, as well as a proven way of analyzing the market.
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