Hey Rick, You have a ton of book smarts and learnings under your belt and I will always bow to your superior knowledge. I've learnt through thousands of hours of backtesting and woking out what works for me.. I'm a visual learner so patterns and lines make more sense to me that numbers and math.
This is where I see PNV heading...
Down to the demand zone at 1.25..( Green box ) . should bounce then retest and turn up...
OR it will fall through and bounce off the support at 1.11.
pulling back to 1.12 would be a 50% retracement ( Gann would be happy with that )
Daily chart here....
