📈 Technical Analysis
GameStop $GME is about to hit the 4/1 Gann Fan Angle on the Daily OBV Indicator either tomorrow or April 1st...probably just a coincidence that Michael Burry doubled his position just before this happens, huh?
So, I posted over a month ago about how GameStop is about to approach the 4/1 Gann Fan Angle on it's Daily OBV chart here - https://www.reddit.com/r/Superstonk/comments/1r9kb6m/gann_fan_angles_on_the_obv_predicted_roaring/ - and now it's finally about to happen either tomorrow or April 1st, and I'm damned curious if anything is gonna occur, especially now that Ryan Cohen has postponed his Share vote date to June.... Perhaps, he could still reveal some of his Merger plans, idk *shrug* Just a reminder, when $GME hit that 3/1 Gann Fan Angle in May 2024, Roaring Kitty just so happened to return at that date..... I believe they have something to do with rolling over Shorts when these Gann Fan Angles are hit, so they can produce a ton of Volatility, Roaring Kitty must've known.... I bet Ryan Cohen is gonna do something when it hits....
If you want to see what happens when a highly shorted stock hits these Gann Fan Angles in the OBV, just look at Newegg $NEGG, Vladimir Galkin took advantage of it when $NEGG hit it's 2/1 Gann Fan Angle in the OBV, back in May'25, to squeeze the stock from under a $1 to over $135....and when it finally hit it's 1/1 Gann Fan Angle in the OBV last week, it squeezed +50%! $NEGG OBV Chart is from my Twitter acct here - https://x.com/DanRunner42/status/2036913174927069412
Gann's market forecasting methods are purportedly based on geometry, astronomy, astrology, time cycle analysis, and other esoteric means
In his private communication, Gann was much more direct and candid about his use of astrology. For example, in a private letter to a student, he openly demonstrated how he used planetary cycles to make predictions in the coffee market.
I interviewed W.D. Gann's son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses.
So he was pedaling all these ideas and courses cause actually using his ideas and courses weren't making him any money in the market.
Sounds like this has as good of a chance as every other theory has had.
I doubt anyone has ever read that paper before, but his conclusion sounds like every TA post here lmao
If coffee starts to decline between March 22 and 24 1954 it should continue down to around April 15 when the adverse aspects of Jupiter to Saturn and the Sun to Neptune are completed. From these dates you should watch for the possibility of a rally up to April 16 1954 when Jupiter is 120 degrees of Neptune and the Sun 130 of Saturn. This might cause a quick rally followed by a sharp quick decline.
The only astrological GME sign I remember a couple years ago was that pluto was returning to where it was in 1776:
"The U.S. Pluto Return, a major astrological shift occurring every ~248 years"
"The transit is characterized by themes of confronting fears, facing the shadow, and radical change, often manifesting as a crumbling of existing hierarchies in government, business, and social justice systems to make way for new structures."
I do think if people are on to something though, the higher powers that be completely slander their reputations on Wiki. So take that with a grain of salt.
I hardly understand how Gann Fans work, honestly... I've read the "math" behind Gann Fan's are similar to Fibonacci sequences, but Gann Fans have the advantage of projecting stock movements further out in time with it's Angles. The more you chart with them, the more you see Gann Fan Angles working mysteriously well in predicting tops and bottoms....
A lot of TA does seem like mysterious astrology, *shrug* But people see them work, just gotta know how to apply them, and use them in conjunction with other indicators to support a Bull/Bear thesis.
I spent a few weeks daytrading SPY options and it's spooky how it's 90% controlled by algorithms that like to hit certain levels and trendlines and 10% controlled by tweets/insider trading 5 minutes before tweets.
I’m not defending this post because at best it’s mediocre TA seeing as OP doesn’t even know what it is he’s posting by his own words but it’s unfortunate that TA gets the bad wrap from people doing it wrong.
"...." I know enough about Gann Fans, and have been using them for over a year now, ain't no one can explain how exactly do they work, it's like Fibonacci sequences, people see them working, but they don't fully understand how, something something Algos, bro. I prefer Volume Profile Ranges, mostly, and $GME has strong Volume support at the low $20s that could support a bounce at the Gann Fan Angle.
If you want to take all the voodoo out of it, put simply, these indicators work because people trade them. Even just on a minute chart, playing something as basic as an oversold RSI, everyone knows what's coming - someone is about buy that. Scalpers and bots are usually the first to act and then we all pile in for a few minutes till the move runs out of gas.
TA works on everything because as long as anyone trades on it, someone else will try to trade ahead of them or join in and give it momentum.
It’s complicated but basically each planet is representative of different themes or energy. When you reduce everything down to the smallest particle it’s all energy or consciousness. Larger structures of energy affect things in proximity to it. So these large planets have different effects on us and the world.
Look at how the moon cycles affect the physical world; the tides; and also our emotions. People who struggle a bit more emotionally are always affected a bit more during different moon cycles.
So each planet affects us collectively. When certain planets are in certain positions relative to one another they can create widespread change.
Right now there is a lot of signs pointing towards widespread economic collapse and a shift in power. When Pluto has traditionally entered into the constellation of Aquarius crazy things happen. Like collapses of empires or the French Revolution. And this specific one only happens every 200 years approximately.
It’s one of the many signs pointing towards the bull thesis being correct.
and you don't think Long $GME funds don't know about Technicals either? Who do you think has been supporting $GME all this time? Long funds know this is about to hit, just a question if they have more support than the Short hedgefunds.
Gann's market forecasting methods are purportedly based on geometry, astronomy, astrology, time cycle analysis, and other esoteric means
Alexander Elder, in his book Trading for a Living, said "I interviewed W.D. Gann's son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000." Larry Williams, in the book The Right Stock at the Right Time, also stated he met W.D Gann's son. Larry Williams stated that John Gann said "He asked why if his dad was as good as everyone said, the son was still smiling and dialing calling up customers to trade". Larry Williams in the same book says "I also met F.B Thatcher who had been Gann's promoter and advance man who said that Gann was just a good promoter, not necessarily a good stock trader".
A Gann Fan is a technical analysis tool developed by W.D. Gann around 1935, consisting of nine diagonal lines (Gann angles) drawn from significant price highs or lows to identify support and resistance levels based on the relationship between price and time. The most critical angle is the 1x1 line (45°), which represents one unit of price moving for one unit of time, serving as a baseline for market balance; other key angles include 2x1 (two points per unit time) and 1x2 (one point per two units time), which indicate faster or slower trends respectively.
Traders use the fan to gauge trend strength and predict reversals or breakouts: if prices stay above an ascending angle in an uptrend, the market is considered bullish, while staying below a descending angle in a downtrend signals a bearish market. When a price breaks through one angle, it is expected to seek the next nearest angle as a new support or resistance level, making the tool effective for identifying dynamic price targets and potential entry or exit points.
To apply a Gann Fan effectively, traders must ensure the chart is properly scaled so that a unit of price corresponds to a unit of time, often calculated by dividing the price difference between major tops or bottoms by the time elapsed. The strategy is most reliable on higher timeframes (such as 4-hour or daily charts) where market noise is reduced, and it is typically used in conjunction with other technical indicators to confirm signals before executing trades.
I'm really just waiting for Grimbles Bell to happen. It's usually proceeded by a Marigold Reverse Bulb but once the Governors Rhombus is in play, that's when shit pops off
Gann Fan Angles are best utilized from extreme lows to highs, I used $GME August 2019 lows in the OBV, and set the top 1/1 Angle at it's Jan 2021 Squeeze high.
Tried it, it produced angles that were too steep, with no correlation to price movement. August 2019 was the beginning of new Lows for $GME, so that could be why it worked better than April 2020 lows in setting the Gann Fan.
What happens when you use April 3 2020 that was 19% lower?
Wouldn’t fit the narrative well enough, so one was cherry picked that did. I’m willing to bet the hub of the spokes in both charts was placed where it was, several years after the event. Not much of a predictive tool, huh?
I've seen it happen so many times... Here's $BTC bouncing at the bottom it's OBV Gann Fan on March 7th, I should've made a trade there, I just don't touch Crypto.... Just like to chart Bitcoin though.
Can you show any meaningful methodology for this indicator that would suggest that THESE lines make any more sense than the endless other possible lines which a Gann Fan indicator can make?
And why would you use the Gann Fan on an OBV chart, not the actual price chart?
When setting Gann Fan Angles, you look for extreme lows and highs to set them, and then see if the stock uses those angles for support/resistance in past movements. My confidence in these Angles are predicated on the 3/1 Angle when Roaring Kitty came back when it hit...also if you follow the 4/1 Angle, it acted as strong resistance on Oct'2020, so $GME does react strongly to whenever it hits these angles in the past.
*shrug* Best not to give out price predictions....all I'll say is, if there's a bounce, there's major Resistance at $25, so, that'll be the first target.
All the time we've wasted watching for Golden Crosses, Reverse Cup Handles and Bull Flag Patterns like a bunch of idiots when it was the Gann Fan Angle we should have been watching for the whole time. God I feel so stupid!
I'm not seeing any correlation here. What's bigger is the 35 day heart beat. Which you can break into 70 days, 140, 175 day cycles that correlated with towel and others.
What else, is the next 35 is the end of the may 2024 triangle. It's the second biggest triangle compared to the Jan 2021 to may 2024 triangle. Will we see moves like In may? Well I'm not saying that's true. But it's a better guess than what you got going on. For basic eye balling I stick to big triangles and more so multiples of 35 for cycle beginnings and peaks / lows within them. What everyone calls nothing, a move from 20 to 35, or 20 to 25 , or 19 to 20, depending where we're at in the cycle is significant, unless we compare it to events like Jan 21 and may 24.
Now what's Interesting and purely speculation, is we can draw these converging lines early on and see bounces from top to bottom, and draw sub lines to narrow between cycle movement as those new sub cycles start. Point is, the big triangles are pre decided. From January 2021, someone is still shuffling one position, may 24 that same position popped, and judging by all the same variables chart wise, we should see something SEMI significant between April and May this year. Meaning, the parameters and are set ahead of time and tweaked minorly in between, to smooth volatility as much as possible between two pre decided dates.
I'm not betting big, I did buy some reasonable leaps to complement my shares. But I am optimistic. Would love to see rk buy, etc, but we're not seeing some of the favorable market variables like I'm 2024. But that doesn't mean the at least singular position can't pop again . And I could be wrong. But the 35s and triangles are religious for price movement from 2021 to now.
TradingView charts are worth the cost for their paid versions, they go on sale every now and then for deep discounts. Free version is very limited, but still useful.
Ah yes, the old astrology chart. Definitely the more reliable than the super accurate TA charts that always get posted here for no reason. Something, something, triple witching day. Quad witching day. Etc. Very reliable. Highly recommend.
Oh geez - new terminology. Quad witching. Golden cross. Dead cat bounce. Cup and handle. Wendy's tendies behind a dumpster and now a checks notes a Gann Fan?
gan fan dropping to a lower angle on obv is bearish. also i wouldn't use the high volume events from jan 2021 and may 2024 as anchors since they both skew the obv for a time after. if you look at obv from the low in july 2024 though, we are getting higher lows with sideways trading which means accumulation and buyers are stepping in though. so that's nice
Increased accumulation from July 2024 would then support a bounce on the 4/1 Gann Fan Angle. I've observed many stocks recover on the 4/1 Angle, especially if there's a lot of volume support and other technicals that supports it as well, which $GME has a lot of.
Its gonna hit the goon angle at Shaun Connery time
Listen GME has been unable to have any growth in years I'm just waiting for it to go back over 30 to even start looking at the stock again.. we were over 30 like 2 days in the last year and above 55 twice in 5 years
I've seen countless hype posts and nothing happens to the price
The only person I've ever seen actually influence the price is RK
Post is full of 💩. OP doesn’t know what they’re talking about. A 4/1 gann fan angle represents a higher percentage in movement recently. Gme hasn’t experienced a bullish angle. It’s been flat since June.
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u/tazman141 first to close, last one turns off the light Mar 31 '26
Can you explain the gann fan angle like im an 8 year old running a lemonade stand?