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Gann Angle: A geometrical angle (which is really a line extended into space) that divides time and price into proportionate parts.
The most important Gann Angle is the 1×1 or the 45° angle, which represents one unit of price for one unit of time. If you draw a perfect square and then draw a diagonal line from one corner of the square to the other, you have illustrated the concept of the 1×1 angle, which moves up one point per day.
Other important angles were the 2×1 (moving up two points per day), the 3×1, the 4×1, the 8×1, and the 16×1. When the angles are drawn in a group, they are often called a Gann fan. Angles may either be drawn ascending from price bottoms, as just described, or descending from price tops.
