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Random article: Gann Forex levels
Gann levels represent crossing of Gann angles. These levels do not have name as such, but since W. D. Gann repeatedly mentioned importance of levels in the crossing point, we will call them Gann levels. “Gann levels” is not a price line, but is a price area. This analytical method underlies Murrey levels theory. But Murrey took only one constant cycle and price line as the ground, whereas cycles change. That is exactly why Murrey Levels do not always work as we would like them to and often rebuilding of levels takes place.
To get Gann levels, square is drawn, and the squaring level is chosen depending on cycle. On the image we see “Square 4”, in drawing square we get the first five levels (horizontal lines) Taken as drawn on the picture, these levels will not be helpful in forecasting price, though Murrey took this representation as the ground. These levels only show price zone, where price is located.
