Squaring charts for Gann angles

Square price and time first

A chart can be squared by placing price and time on a uniform 1-to-1 grid, meaning one price unit on the vertical axis for one bar or day on the horizontal axis.

Squaring a chart is a scaling step that makes price and time occupy equal visual proportions. It is a different procedure from drawing Gann squares that contain a numerical sequence used to project swing points.

Building a 1-by-1 grid by hand

On a squared hand chart, a 1-by-1 grid can be built bar by bar. A five-point daily range occupies five vertical squares, the next day occupies one horizontal square, and later bars are placed relative to the prior close and range.

Drawing the 1x1 and related Gann angles

A 45-degree 1x1 Gann angle can be drawn on a squared chart by lining a straightedge through opposite corners of a square. Related angles such as 1x2, 1x3, 1x4, and 1x8 follow from the same grid.

Support and resistance on the squared grid

Once a chart is squared, correctly applied Gann angles do not change with later scale adjustments and can mark Support and resistance and later intersection points in both price and time.

Archive illustrations

In the September wheat example, price tracked a 1x1 angle into a later bounce, and equidistant angles drawn after that low identified the reaction as the center of the downtrend's progress.

Gann lines drawn from earlier pivot points can later act as Support and resistance at several locations, as illustrated when S&P futures rebounded from historical highs.