Gann Fan analysis has long been used by technical traders to identify key support and resistance levels, price breakouts, and trends in a chart. This versatile technical indicator, developed in the early 20th century by renowned trader W.D. Gann, uses angled fan lines to track price movements over time.
While commonly applied to stock and commodity charts, Gann Fan analysis can also provide BetPro Exchange sports traders with advanced insights into betting odds behavior. When added to BetPro’s customizable charts, Gann Fans help reveal breakout points, odds shifts, and the strength of support or resistance around prominent betting lines.
Mastering Gann Fan analysis takes practice, but can boost a BetPro trader’s ability to anticipate and react to odds movements across any sport or league. This guide covers advanced Gann Fan techniques tailored to BetPro Exchange’s unique markets.
Constructing Gann Fan Lines
Gann Fan lines appear as angled rows on a chart. Each line represents a key angle of support or resistance. The steeper the angle, the more pivotal that price level.
To add Gann Fan lines on BetPro Exchange:
- Select “Tools” from the chart menu bar
- Click “Add Gann Fan”
- Choose your desired angle increments and number of fan lines
- Adjust the anchor point to intersect key levels
For BetPro charts, angles tied to sports betting concepts can reveal subtle edges. Examples include 45 degrees, 360/365, and important totals like 7, 14, 21.
Identifying Betting Trends with Gann Fans
On a BetPro Exchange chart, the angled support and resistance levels formed by Gann Fan lines can forecast where odds may hit key pivot points.
By analyzing how price moves interact with different fan lines, traders can spot emerging trends in the odds. These often signal whether pivotal support or resistance levels will continue to hold.
For example, on a football match odds chart:
- Prices repeatedly touching a 21-degree line could signal robust support or resistance at +210 or -210 odds
- A break below a 45-degree line may indicate waning support for a popular bet at those odds
- Trending toward an upper 14 fan could suggest growing confidence in a 14-point team total over
The amount of time price spends along each fan prior to a breakthrough, and the angle of that line, will hint at the strength of support or resistance.
Combining Gann Fans with Other Indicators
For even greater insights, Gann Fan analysis can be combined with other key indicators on the BetPro Exchange charts.
Using multiple indicators together allows traders to validate emerging trends and anticipate the biggest odds movements.
Gann Fans + Moving Averages
Adding a short and long moving average to the chart, alongside the Gann Fans, makes it easier to identify the dominant trend.
When prices cross Gann Fan lines but respect the moving averages, the overall trend is likely intact. Any cross of the moving averages signals a potential trend change.
Gann Fans + Fibonacci Retracements
Fibonacci retracements help identify support and resistance zones based on the recent price range. Gann Fans can then reveal whether prices are likely to turn upon reaching key Fib levels.
Together, they highlight convergence around pivotal odds activity. Failure to hold a Fib zone, especially where it aligns with a Gann Fan line, cautions of waning support.
Gann Fans + RSI Divergence
Adding a Relative Strength Index (RSI) oscillator, along with Gann Fans, helps spot divergence. This signals fading momentum that may not be apparent from the price action alone.
If the RSI trends lower while prices touch higher Gann Fan angles, it reflects waning momentum despite overtly bullish price moves. Traders can anticipate a reversal.
Trading Strategies Using Gann Fan Analysis
Gann Fan analysis provides the foundations for several strategic betting techniques. Here are three advanced tactics to apply for BetPro Exchange wagering:
Identifying Breakout Entry Points
Look for cluster points where multiple Gann Fan lines converge within a horizontal price range. These zones frequently produce sharp breakouts.
Use other indicators like volume and RSI to confirm whether emerging momentum supports trading the breakout. The best entries follow bullish crossovers hinting at further upside.
Analyzing Risk/Reward Around Pivots
Key Gann Fan lines will repeatedly act as support and resistance. Analyze the price action and indicators around these levels to gauge pivot point strength.
Look for confirmation from the RSI, volume and other signals prices may break support. This allows traders to strategically secure profits or limit losses around significants odds moves.
Spotting Exhaustion Moves Near Angles
When prices hit extreme Gann Fan angles, it often signals short-term exhaustion. Unless there is sizable momentum confirmed by other indicators, these extended moves tend to retrace.
Traders can anticipate the pivot points and enter on pullbacks. In strong trends, use trailing stops to protect against any change in momentum.
Putting It All Together: A Trading Example
As an example, let’s examine the BetPro Exchange odds chart leading up to Super Bowl LVII:
- Bullish crossover of key 21 and 45-degree Gann Fan lines signaled growing confidence in the Eagles
- RSI uptrend confirmed strong momentum despite two small pullbacks
- The moving averages maintained wide separation in favor of the Eagles’ odds
- Entering breakouts through multiple Gann Fan angles provided several profitable entries
- Traders secured partial profits around key angles as the RSI hit temporary overbought readings
By incorporating Gann Fan techniques into pre-game analysis, traders capitalized on the full 8-point swing toward Philadelphia’s upset win.
Conclusion: Master Gann Fans for a Betting Edge
Gann Fan analysis provides BetPro Exchange traders with an intricate but powerful way to analyze odds movements on any sport. By mastering advanced Gann techniques like breakout entry points, pivot gauging, exhaustion detection and more, sports bettors can achieve reliable edges.
Combined with other indicators to confirm emerging trends and momentum, Gann Fans transform BetPro’s charts into dynamic, prophetic tools. Traders gain an informational advantage to anticipate ephemeral inefficiencies around pivotal betting moments.
While Gann Fans have a notorious steep learning curve, their reputation is well-earned. By allowing traders to monitor key support and resistance levels relative to betting concepts, Gann analysis perfectly suits the behavior of sports betting odds.
Invest the time to learn these techniques, and Gann Fans will provide a potent edge over leisurely bettors. Master this advanced indicator, and watch your BetPro Exchange account balance fan out.
Frequently Asked Questions
What are the standard Gann Fan angles to use for betting analysis?
The most applicable Gann Fan angles for betting tie to sports concepts like 45 degrees, tying to football total points; 360/365, representing a full game cycle; 14, 21, 28 for common scores; and angles based on the Fibonacci sequence like 61.8%, 50%, 38.2%.
Should Gann Fans be used alone or with other indicators?
For robust market analysis, Gann Fans should be combined with complementary indicators like moving averages, RSI, volume, Fibonacci retracements, and pattern analysis. Using multiple indicators validates emerging trends.
What chart time frame works best for Gann Fans?
Gann Fans are most applicable to short-term charts on a 1-15 minute timeframe in order to analyze pivotal breakout points. Use daily or weekly charts to establish the broader market trend direction.
Can Gann Fans be used for trading individual player prop bets?
Because props feature more erratic and independent price action, Gann Fans have limited applicability for single player markets. Stick to team totals, spreads and Moneyline markets for best results.
Should traders wait for price closes beyond Gann Fan lines?
Closing prices are not required in order to enter breakout trades based on Gann angles. Use other indicators to validate whether emerging momentum is likely to sustain beyond key angles. Manage risk accordingly in case breakouts fail.