How WD Gann's theory actually applies in trading world?

<ul><li id="isPasted">Gann theory is based on understanding the natural geometry of price charts to find patterns that can help in predicting price fluctuations.</li><li>Gann angles are at the core of this theory.</li><li>Past, present and future movements in the stock market are influenced by a common angle.&nbsp;</li><li>Gann theory can help study price, time and patterns in the stock market.</li><li>Gann theory is useful only when accompanied by a trader’s discretion and practical experiments. </li></ul>

<p id="isPasted"><strong>In practice, Gann's theory is often applied in the following ways:</strong></p><ul><li>Identifying Trends: Traders use Gann angles to assess the strength and direction of the current trend. A price movement consistently above a certain angle (e.g., 1x1) confirms an upward momentum.</li><li>Setting Entry and Exit Points: The support and resistance levels derived from Gann angles and the Square of Nine help traders set precise entry points for new positions and exit points (profit targets or stop-losses).</li><li>Risk Management: The identified support/resistance levels provide clear areas to place stop-loss orders, which is a key part of disciplined risk management.</li><li>Combination with Other Tools: Due to the complexity and subjective nature of Gann's methods, many real-world traders combine them with more traditional technical indicators like the RSI or moving averages to validate signals and increase the accuracy of their predictions. </li></ul>