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Chapter 9 Gann Analysis: Calculating Pri... > Gann Price Analysis on the Horizonta...

Gann Price Analysis on the Horizontal Axis: The Gann Wheel

How do you extract price objectives from a Gann Wheel? Figure 9.1 is a Gann Wheel called the Square of Nine or a harmonic wheel. Gann used other wheels such as the hexagon wheel, which is a honeycomb pattern. The honeycomb pattern is better for calculating in units of thirds such as 30 and 60 degrees. The wheel called the Square of Nine starts at the center with a value of 1 and the first box ends at the number 9.

In Figure 9.12 you can follow the numbers to 9 and then run into the first tricky part where beginners can make an error. The bottom left corner requires you to move outward by one square and then the numbers will continue to increase by one sequential unit again until the next outer square is filled again. The numbers 81 and 82 on the bottom left clearly illustrate this movement. If you do not pay attention you can easily find yourself on the wrong column or row. The numbers will be incremental as you move in a clockwise rotation through the wheel. Here is how the numbers relate to one another and how this pattern becomes a calculator.


  

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