Gann Chart by Garuda Forex is a technical analysis tool based on the theories of W.D. Gann, designed to predict price movements and market trends. Key features and benefits include:
Geometric Analysis: Utilizes geometric angles and patterns to predict future price movements and identify key support and resistance levels.
Time and Price Equilibrium: Integrates both time and price factors, helping traders anticipate potential market turning points.
Customizable Angles: Allows users to set and adjust various Gann angles (e.g., 1x1, 2x1, 3x1) according to their trading preferences.
Visual Representation: Provides a clear and structured visual framework for analyzing market trends and potential reversal points.
Historical Accuracy: Often used to back-test historical data, providing insights into the consistency and reliability of patterns.
Versatility: Applicable across different markets and trading instruments, including forex, stocks, and commodities.
Trend Identification: Helps identify long-term trends and market cycles, aiding in strategic decision-making.