A trend lines requires 2 points to draw, and Gann Angle only requires 1 point, a huge difference.
Why?
Simply that Gann Angle is not determined by price pivot points at the last price end, where as a trend line is. That is the beauty!
A Gann angle is a measure of the speed of the advance or decline, a measure of time by price of the price action.
The blue arrows show points of support along the blue dotted 2x1 Gann Angle, as stated above drawn off 1 pivot point. A trend line can not do that!
As you can see price is now entering a pinch zone, it will bust out either way.
Example of the INDU
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Investing Quote...
..."I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that."..
Jesse Livermore
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Peter Lynch
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