Description
This article is from the Glossary of
Technical Analysis Terms.
Glossary of Technical Analysis Terms: G
- Gann Square:
The Gann Square is a mathematical system for finding support and
resistance based upon
a commodity or stock's extreme low or high price for a given
period. Attainment of a particular price level in a square tells
you the next probable price peak or valley of future movement. The
probable price levels tend to be more reliable if they are
extrapolated from Gann Square values along one of the major axes
of the Gann Square. The Gann Square is generated from a central
value, normally a all-time or cyclical high or low. If a low is
used, the numbers are incremented by a constant amount to generate
the Gann Square. If a high is used, the numbers are decremented
during the square generation.
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investing, glossary, technical analysis terms, terminology
