drew this about 8 hours ago. bear trend very much still intact but a perfect setup off .705 ote and gann 8/1 was tagged for a no brainer long with stop just below angle. passed thru coinciding angle so the test shud be a failure at .382 or if it can get legs up before resuming to the downside tgt of 200. monthly s1 is currently 287 bfx and would be an almost impossible break in current conditions, but this poses a great reshort opp or scalp for those risky enough to take it
if .382 breaks profit takers at .618 and .705 will be happy. Not that I am thinking this in any way but 322 bfx would pose the upside tgt if a new high is made, but that's just an fyi not expecting any such move although ill let this move ride out and prove failure
IvanLabrie
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Where did you learn Gann from?
CrazyC
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big discrepancy in futures and exchange. exchange hasn't tagged ote yet