![]() ![]() ![]() Looking back over history, you must establish the Gann square with angles. These support and resistance angle lines should never be confused with support and resistance trendlines because the angle lines can be used to indicate the time. Quite often, a price may come back to test an angle before continuing a trend. In reality, this does not necessarily occur. ![]() Gann wrote that in a rally cycle when a price declines under an angle, the price will often dip down to the next angle before finding support. “The future is a repetition of the past, “he opined, “and each market movement is working out time in relation” to a previous time cycle. He felt that time would overbalance space and volume but arrest momentum. Gann said he believed that time was the most important factor in forecasting market movement. Time is the most important factor when it comes to making trading decisions, so incorporate the time factor into your trading.
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