Did W.D. Gann use mathematical formulas like Fibonacci and Elliott or did he stick to history?
Two of the most legendary market technicians of all-time are W.D. Gann and R.N. Elliott. Elliott is known for applying the fibonacci mathematic formula to the financial markets with proven success. Both of these men applied natural, observable phenomenon, to the financial markets; and are pioneers in their own right. To the best of our knowledge, Gann did not use fibonacci in his analysis. But, as a student of the markets and human nature, he committed his life to gaining an understanding of what lay behind market movements. This pursuit led him to develop several theories that did have their basis in mathematics. In this quote by Gann he discusses his deep study of the markets: “I soon began to note the periodical reoccurrence of the rise and fall of stocks and commodities. This led me to conclude that natural law was the basis of market movements. I then decided to a devote 10 years of my life to the study of natural law, as applicable to the speculative markets and to devote my best
