WD GANN: Wheels Within Wheels
The market master WD GANN referred in his teachings to ‘Wheels Within Wheels’.
The period within which Mr. Gann wrote used terminology that is a bit different to our present understanding of terms and was very biblically based. The term ‘wheels within wheels’ comes from a quotation of Ezekiel describing his divine vision.
Our present understanding of WD Gann’s use of this term applied to price charts and the Stock & Commodity markets could best be translated as the concept of CYCLES. To be even more precise, as cycles that take place within larger cycles in a market.
An illustration of this can be seen in the present US DOLLAR price movements as shown on it’s chart seen below: