Then pick a significant high, draw Gann fan angles and wait for the 1/1 line to break upward.
The best timeframe working here is of 1 day.
Wait for a break above the 2/1 Gann angle before buying at the market.
Apply again the Gann Fan Indicator on the Swing low Prior to the Breakout above 2/1 Gann Fan Angle.
Place your protective stop loss below the most recent swing low, which should align with the point from which you form the second set of Gann fan angles.
Take Profit Once we break below the 1/1 line and close. We need to close below the 1/1 line by at least 20 points to be considered a valid breakout.
Use Trailing Stop Loss to capture the maximum trend for profit booking.
I make such threads every week. Follow for regular updates.
The next step is to select any major swing high or swing low on the chart from which you draw the Gann fan angle. Once you've selected your swing low point, simply use the Trend Angle tool and draw a 45-degree right angle.
(2/n)
Now in next step, Use the gann fan indicator, which is located on the left side panel of trading view. Simply place the Gann Fan Indicator on the chart. Make sure it overlays on top of the 45-degree line you drew earlier. The (1/1) line must be exactly on the 45 degree line.