GKP - Research

Are we at last going to see the 123 breakout
I understand the CPR may have been delayed a few days, but that it may be good... the final boost we need?

I have been watching this closely to see if it hold the 20 day ema @29p, it has broken below.
which logically makes one think this will at least re test the lows imho.
(Barring an amazing last minute recovery off course.)

uk.advfn.com/p.php?pid=chartscreenshotsh...wGKE%3D&symbol=L^GKP

Regards,
Trendfriend.

I see that now Amo, thanks

Seymour on your chart where you have labelled 2 is not a higher low. Yes it’s a red bar but it wasn’t even lower than the previous bar so in affect the upwards move is continuing. The 1 need to be placed at the top of the bar which you have labelled 3. Then ideally we will have a few days of a downward move and as long as it doesnt go lower than 21 area you will be able to label your number 2 bar once it starts to move up again.

Then 3 will come once the 35/36 area is cleared.

Remo

I have just noticed on your BP chart that you are marking your 123 lows the same as I am, 1 being the high, 2 the higher low and 3 the break of the high.

Why when I researched after being pulled up on my numberings that I found many number 1 as the low, 2 as the high and 3 as the higher low (which in my thinking would make it a 1234 low as 4 would be the break of the previous high)

Any way, guess it matters not as all the same with a high, higher low and break of previous high.

Thanks Remo.

Where you say inside bar, are you meaning as the candle marked with the 2 is within the range of the candle marked 1 (of my miss marked 123) that it does not qualify?

Generally I do look for more of a swing with 123's with a more defined resistance broken.

Still baffled why I have been numbering them wrong

Cheers