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How do Gann angles relate to Elliott Wave Theory?
How do Gann angles relate to Elliott Wave Theory? About 30 years ago I read a commentary on Fibonacci series, by Walter J. Meyer. Meyer emphasized the importance of the Fibonacci ratio in forecasting short-term price changes. I had the good fortune to meet Meyer several years later at the 2000 Oahu Economic Summit. He and I were on the same lecture panel on the subject of finding the next economic boom. But I have just recently discovered that after he wrote the JSA paper on Gann angles, he returned to the subject of Gann angles and Fibonacci series. He published a book on the subject of the ratios of Fibonacci numbers in 2009. The book is titled Fibonacci: the Beauty of Its Law, by Walter J. Meyer and Steven H. Menezes. It sold more than two million copies in eighteen languages, and was first published in 1987. It will probably be in the best-seller list for some time to come. The book is published by Wiley as paperback ISBN 978-1-118-46990-1 and in more recent editions in various electronic editions.
Square of 52
Meyer often says that since the precession from the equinoxes is 21,000 years, he is interested in Fibonacci’s ratio being approximated as the daily ratio of close-to-equal to one of the precession cycle over a time span of about twenty years. He also says in the book that precessional theory tells us that a 10,000-year correction to a long-term trend must come within about twenty-seven years of correcting an annual trend. At times he considers trends to be cyclic and at other times he defines cyclic trend to mean a tendency toward a common long-term trend where some sort of corrective process – such as the daily Fibonacci ratio of ¼ – occurs on the way back to the particular trend direction. Meyer says (1)How do Gann angles relate to Elliott Wave Theory? So I just learned about Gann angles and I also have the slightest knowledge of Elliott wave theory. Why Gann angles don’t occur in Elliott wave theory? From what he has a good point gather, both gann and elliott waves predict short term trends. However, when you take their output and factor it into each other, they tend to cancel one another out. Are there any timeframes and/or purposes that one should be used over the other? The main reason that we do not use the Gann angle is that it’s somewhat unreliable during major reversal uptrends. Instead, we see major trend reversals much more in their natural, regular wave structure like so: Which is very similar to what we usually see from classic Elliott. @David B – Great explanation of how gann angles work. They are helpful when you’re looking for major swing downs. Gann angles are essential features in Wave Theory and Wave Energy. It is how all of the system works. I had no idea.
Cardinal Points
Knew EW theory was essential to understanding trends, but had thought Gann angles were obsolete. People refer to it when they want major swings, but doesn’t it just confound Continue issue? Doesn’t it have as much or perhaps more value in periods of relative consolidation? (I realize we don’t think of consolidation on the 1 minute charts…) @David B – Great explanation of how gann angles work. They are helpful when you’re looking for major swing downs. Gann angles are essential features in Wave Theory and Wave Energy. It is how all of the system works. I had no idea. Knew EW theory was essential to understanding trends, but had thought Gann angles were obsolete. People best site to it when they want major swings, but doesn’t it just confound the issue? Doesn’t it have as much or perhaps more value in periods of relative consolidation? (I realize we don’t thinkHow do Gann angles relate to Elliott Wave Theory? One question that comes to mind with Gann analysis is click this relationship with Elliott Wave Theory. I began looking at Elliott Wave Theory back in More about the author early eighties since at the time everything revolved around that and I am always fascinated with what is coming next. I started with the very basics and learned how the waves work through just paper and pencil.
Support and Resistance
The truth is, even more books have been written on the subject than what is out in the market. There is a wealth of basic information, charts, concepts, technical indicators, etc. The common thread between what was developed on paper has to do with probability – the more investors know about the future direction of the markets the more they can use it to their advantage. I personally don’t live and breathe Elliott Wave Theory. I love it, but wish there were some alternatives. I am sure a lot of time and money and effort has gone into research on this subject, and there are some wonderful guys out there like Roy Heath and the Aussies on site. I am sure they have many things that Elliott Wave never conceived of. So why can’t I live my life like I follow Elliott Wave Theory? If you think my chart does not illustrate any logical reality to the market I have a chart history back towards 1987. Yes there was Gann angles before the market I picked up, however I don’t consider the market to be linear and using Elliot Wave Theory my charts look very different. What I am about to show are 4 charts illustrating the concept of how things can occur at any time. The first is a bullish.50 bull advance of 30 days. The second shows a wave starting in a downtrend and advancing into a wave starting high – the whole process happens in less than 30 days from the bearish.
Time and Price Squaring
00 top of the chart. A third shows a bullish.50 bear advance and the fourth shows a market starting a wave down in a downtrend and it advancing through a wave and hitting a high
