This article has been translated from English to Gen Z Slang.
Yo, a Gann Fan is like, this lit tool for charting how and when prices vibe from their highs and lows. 📈 The lines spread out from a point, showing how speedy or chill the price moves based on the angle size. 🚀
This Gann Fan thing is based on Gann Angles, a legendary trick invented by W.D. (William Delbert) Gann, the OG stockbroker. 😎
My dude W.D. Gann thought certain shapes and angles were the cheat codes to predicting what's gonna happen with prices and timing. Basically, peeping future dips and spikes from key highs and lows, so you know when those price breakouts are about to hit. 🔮💥
Gann’s rules say that you gotta keep time and price intervals on lock. He preached that the ideal vibe was a 45-degree rise or drop, also known as the 1×1 angle (one price unit up for every time unit). 🎯
He was all about how trends above 1×1 screamed bull market, while anything less was like, bare bones bearish vibes. 📉🐻