chart updat bullish candle playing influence , page-4

no probs itinerant,

Those lines are called Gann fan... These angles measure a pattern of a price movement over a time period..So when analyzing a price movement in a particular angle you can study the past to forecast future price movement..Its is believed Gann angles acted as a support and resistance, just like horizontal support/resistance if a support angle is broken the price movement will most likely move to next angle of support so therefore you calculate the movement... Same principle is applied if price break above an angle acting as resistance..The ratio of Gann angles as follows 1X2, the 1X1 and the 2X1. The 1X2 means the angle is moving one unit of price for every two units of time. The 1X1 is moving one unit of price with one unit of time. Finally, the 2X1 moves two units of price with one unit of time. Using the same formula, angles can also be 1X8, 1X4, 4X1 and 8X1.

Hope that helps...