4.6 Grann Retracement Levels

William Delbert Gann was an American trader and market theorist who developed Gann Theory.
Gann theory is used to predict price movements using a series of angles.
Gann angles are calculated by connecting price points on a chart.
Gann angles should represent the past, present, and futuristic characteristics of an asset price.
Combined with Fibonacci Retracement, Gann levels will add to our search for confluence.

William Delbert Gann was an American trader and market theorist who developed Gann Theory.
Gann theory is used to predict price movements using a series of angles.
Gann angles are calculated by connecting price points on a chart.
Gann angles should represent the past, present, and futuristic characteristics of an asset price.
Combined with Fibonacci Retracement, Gann levels will add to our search for confluence.

Key Points of the Lesson
UTILITY
Retracement levels in eights and thirds.
Focus on the time and angle aspect of the price rise or price decline.
Works the same way as Fibonacci Retracement levels, but with different numbers.

IMPLEMENTATION
Use the Fibonacci retracement tool using two significant pivots.
Choose significant pivots based on market structure (MS). Try different pulls.
Levels (eights): 0, 0.125, 0.25, 0.375, 0.5, 0.625, 0.75, 0.875, 1.
Levels (thirds): 0.33, 0.66

TIPS & TRICKS
Compare the Fibonacci and Gann Retracement Levels in the same pull ⇒ choose the one with the most respect.
Build confluence with other tools.

BACKGROUND INFORMATION GANN
50% was the most important level to Gann, focusing on “halves”.
In a 100 dollar price move, Gann was interested in the 33%, 50%, 66% etc., retracement.
Inspiration for 0.66 Champions Channel (CC) comes from Gann Retracement Levels.

TAKE HOME MESSAGE
Alternative retracements levels.
Use two pivots.
Compare the Gann levels with the Fibonacci levels.

Levels Gann Retracement