Well, after nearly a year since the start of court proceedings and getting on for 3 years since the first announcement of the litigation action the moment has finally arrived.I'll not pretend for a minute that the chart can foretell the judge's verdict in this matter (though I'm sure will already be in "the know") but let's review it anyway.The first, and most obvious, feature is that the SP is in a clear upward channel defined by the lower trendline and the steeper of the above 2. The more shallow of those top two trendlines is formed by the previous highs and could be an ascending wedge but we'll have to see about that later. In any event, there is nothing in either the channel or the wedge to suggest direction.We've previously mentioned the 189/90p level as being a key resistance and, indeed, we saw that a couple of weeks...

As I'm sure you're all aware now, Excalibur Ventures have been found to have no claim against GKP or TKI for title or damages according to reports from today's court proceedings. We still await the RNS from GKP to confirm this to the market but it looks like being the start of big things for GKP's SP so well done to all who held strong throughout this unfortunate ordeal.Well done also to GKP's BoD and their legal team for a sterling effort.Have a good day all!  Original link...

The Dow Jones has formed a lovely hammer off the short term uptrend to day which should be the 4th wave of this sequence.Note how it was also close to the 23.6% Fib and the hamme low formed at exactly the level of the candle bodies of the two earlier dojis.I'm targeting c. 16178 for the top of this move before a correction down towards, but not below, 14550. Original link...

Rather than try and catch the bottom on POG I'd planned to go long on a 123-low breakout but completely missed it due to being busy with other things. We can see the results, though, with a healthy number of pips to anyone who did take that trade.The thing to look out for now is that RSI. If it reverses off the trendline then it might be worth taking some profit. If it breaks through then it should indicate further rises but beware that tricky 123p level. Personally I think CNR or KAZ offer better risk reward than POG for those not already long here. Original link...

A very simple price only chart here and this is thanks to Remo who runs www.chartsview.co.uk who gave the heads-up on this during the live trading chat on his website today.What we have is a backtest of the 123-low breakout level. These trades are actually even better than simply trading the 123-low breakout if they work out because the resulting move, again if it works, ought to be stronger than the original breakout where doubt still remains and consequently we see the drop back to the breakout level.Normally I'd have a stop below the higher low but the doji offers a tighter option below 79.5p. Original link...