Not much explosiveness here, Gnt's powder is damp and needs the flash of some cash to pick up the low volume - Currently on support of the Gann 3x1 fib ray but at resistance at the arc pair, you can see the effect the previous arc pair had on the price - Gnt candles may well slip off their gun carriage and drop to the lower fib rays shown in different colours - The lowest is the Gann 8x1 which runs at 7 degrees and is the major uptrend that the price eventually returns to after bouncing like a dambuster bomb down the fibs - If you're locked and loaded in Gnt it would be wise to keep the safety catch on
Kommentera:
When i posted this chart Gnt was failing this pennant but it does have a chance if it can recover here
Kommentera:
Looking better as the day progresses
Kommentera:
Gnt Recovered the 38.20% fib in time to open todays candle above - Looks much more positive at the moment, could be a ticking time bomb
Kommentera:
Has someone lit the fuse....
Kommentera:
Fuse still burning
Kommentera:
Gnt failed the flag - Sliding down the arc to the uptrend