Gnosis (GNO): A Thousand Words in a Pattern

SUMMARY

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It would be interesting to know if the choice of the word Gnosis (GNO) had any relation to the Gnostic teachings. The boradening pattern is quite noticeable. Within it, there is a sequence of rounded price formations. The white completed after touching the bottom trend line and rising to the top trendline. The blue is currently sitting on the bottom trend line and preponderance of fractal evidence is pointing the next direction to be up.

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That rise is likely to occur in a five wave sequence of impulse waves (blue). Often, the second sequence results in a temporary piercing of the top trendline for a bear wick event. Given that this is all happening within a broadening pattern, the bear wick would then drive price back down to the lower trend line. UNLESS, the top line piercing becomes decisive and so a new trend up initiates.

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