GKP - Research

Shooting stars come at the top of a trend and not at the bottom

xWoody wrote: Hey F4T,

Doesn't a Shooting Star require a dark body?

Cheers
Woody

I have a potential/imminent breakout on the daily. SP is leading RSI, so will watch the RSI next week for confirmation. Nice positive divergence on MACD.
If it follows through it should also conquer the 50sma. 109 would be the next target followed by the gap at 140/143.

Support at 80 (trendline) and horizontal at 72 and 64.

uk.advfn.com/p.php?pid=chartscreenshotsh...7w%3D&symbol=L%5EGKP

Trendline resistance already broken on weekly, which trumps the daily.

Monday should be interesting.

F4T

SRB,

As far as notation is concerned it could be the very start of either wave C or wave 3, but really only time will tell.

Hey F4T,

Doesn't a Shooting Star require a dark body?

Cheers
Woody


No, the colour is not important.

Diver where are we now please with regard to EWT Waves in your opinion.

Tight Lines

Hey F4T,

Doesn't a Shooting Star require a dark body?

Cheers
Woody