"It can — and should — be used in tandem with Elliott Wave theory. But ultimately, all of it points to one conclusion: the market is not random; it follows predetermined patterns rather than responding to external events.". Relationship: While Elliott Wave Theory focuses on price patterns and their psychological underpinnings, Gann's work emphasizes geometric and time-based relationships. Gann fans can be used to identify potential price targets and time cycles that might align with the Elliott Wave patterns, providing additional confluence for traders.