• 557 days Will The ECB Continue To Hike Rates?
  • 557 days Forbes: Aramco Remains Largest Company In The Middle East
  • 559 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 959 days Could Crypto Overtake Traditional Investment?
  • 963 days Americans Still Quitting Jobs At Record Pace
  • 965 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 968 days Is The Dollar Too Strong?
  • 969 days Big Tech Disappoints Investors on Earnings Calls
  • 970 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 971 days China Is Quietly Trying To Distance Itself From Russia
  • 972 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 976 days Crypto Investors Won Big In 2021
  • 976 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 977 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 979 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 979 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 983 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 983 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 983 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 986 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Using Gann Angles to Navigate Price Corrections

WD Gann

Using Gann Angles to interpret price corrections is superior to Fibonacci retracements levels and or Fibonacci fans for the simple reason Gann Angles measure both time and price.

When price rises it is normally a slow grind upwards, however when price falls its very fast. Very much like a fishing rod. Price action suffers a slow grind up the rod until it begins to bend, and then a sudden and rapid decent along the fishing line. The collapse of price can actually be used to your advantage, as it must climb back up into the main trend channel and this is where you jump in. (see below).

Fishing Rod

When price collapses, many will say 'who will catch the falling knife', because those that try might lose their fingers. Let the large accounts (Wyckoff Composite man or Mr Market) catch rapid falling prices, let them form a base of (re) accumulation. You should a let little time pass before you enter the price pattern that you think will be correction within a long term upward trend. The use of Gann Angles during the price correction phase is an excellent tool for determining the correct time to enter the (re) accumulation phase before the trend continues.

See the chart for examples...

SPY Gann Angles
Larger Image

 

Back to homepage

Leave a comment

Leave a comment