GKP - Research

Yes, could be forming a 5th wave up from the 126p low. Downtrend resistance (from the 228p high) is at 165p today and there are 3 active P&F targets all within 0.5p of 165p. If it makes 165p then we should be good to go long on the retrace at c. 141/3p (61.8% Fib):



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily30_05_13.gif

here we are...breaking out... now key watch will be holding that line on any back test

quick chart

the current move could setup an asc triangle breakout... close and hold abv 155...should see approx 10/15 pip move to upside...

so ranging 148- 155, and over time price range will tighten up till it brakes out....

also month end approches, work keeping an eye on the monthly chart & weekly charts.

starting to see some green shoots...

161/162 break abv like to see tho...

dyor.

dl.dropboxusercontent.com/u/4899609/gkp24thmay.png

or do you just want the volume by itself????

Remo can u post an updated volume chart

Tia

Ws

Thanks Idiodyssey..

13 & 5 on weekly and monthly for longer term, shorter timeframes mix of 5-89 ema, i also like 34 ema on daily. i find them useful for my style of trading for both short term and long terms plays, determining the flow of a wave in conjunction with other analysis...
rgds, WS

idiodyssey wrote: Hi wavesurfer

Enjoying reading your posts. What EMAs you are using and are they particular for the weekly or any timeframe? Thanks in advance.