Wheel Geometry and Using a Gann Wheel

PLATONIC SOLIDS ARE IN THE GANN WHEEL

Can you create both the Hexagon and Square of Nine?
blank? see below

HOW TO WORK THE MODEL ABOVE.

Microsoft IExplorer has a wee bug. If you only see a blank square...
put your mouse in the box and click anywhere. Then type "U".

(Try it even if you do not have the bug!)

This is an applet, be sure that you have enabled Java on your browser.
If you disabled Java, the elements will still appear, but as plain images.

1- Move your mouse in the square and click anywhere in the box to activate it.
2- Type u or return the figure is moved to its own window.
3- Typing d or return to return the diagram to the page.
4- You can resize the floating window to make the diagram larger.

5-Slide points to rotate, spin, etc.

6- Type r or the space key while the cursor is over the diagram to close it.

WHERE TO PURCHASE A GANN WHEEL

Gann Wheels on the market generally have flaws. The wheel we use can be purchased from
Lambert Gann Educators. The direct page is http://www.lambertganneducators.com/products.php.

HOW TO USE A GANN WHEEL TO FIND GANN ANGLES

Gann discovered when an equality relationship occurred between time and price, a trend reversal in a market could take place. To understand this relationship it is necessary to know how a Gann Wheel can be used to calculate time or price objectives.


The Gann Wheel center begins at the number "1" and increases one unit clockwise. The red line shows a full rotation, or 360 degrees up from a price of 34 that would target 61.

WD Gann's analysis can be made to look extremely complex. But like Fibonacci retracements not all calculations are of interest. Let's take a closer look at the price projection technique using a Gann Wheel. Then we will define the most critical Gann angles for specific financial markets.

Draw a circle that touches all four sides of the largest square. The circle has 360 degrees to complete a full rotation. The top of the circle can be viewed as our starting point or "ground zero". Now divide the circle into equal quarters. As we move clockwise to the right corner we would cross the 45 degree angle of the circle. The first quarter at the right angle is 90 degrees and directly across from the top is 180 degrees. Continue moving clockwise until we return to the start and complete the journey around the circle at 360 degrees.

 

HOW IT BECOMES A CALCULATOR...

Find the number 15 on the Gann Wheel. If a stock was trading at a price of $15, what are the price objectives using a Gann Wheel? The number 15 is perfectly aligned under the zero and 360 degree angle marked on the top of the Wheel. Because the number 15 is aligned with zero we need make no further adjustments, just read the Gann targets straight off the wheel. The 45 degree price objective from 15 is 17. It is the next number that aligns with the 45 degree line that travels towards the top right corner. The number 19 crosses were the 90 degree line was drawn. We would use the phrase, "$19 is 90 degrees up from $15." Now skip over to 180 degrees and find $23 is directly opposite $15. We would still say, "23 is 180 degrees up from 15". At 270 degrees $28 is the price objective. A full 360 degrees up from 15 is $34. That is how a Gann Wheel is used.

Why did we skip the bottom right corner angle which would be 135 degrees? Because like Fibonacci, some calculations are more important than others. The Fibonacci ratios 0.382, 0.500. 0.618, 1.000, and 1.618 are relationships we know are the critical ratios to identify. This is also how the various Gann angles are interpreted. We have a circle that is divided into quarters and sixths, but we also need to divide 360 degrees into thirds because 120 degrees and 240 are extremely important. The angles of greatest interest in financial markets are 45, 90, 120, 180, 240, 270, 315, and 360.