GKP - Research

not much to say except for - WATCH 161

Oh dear! The little smiley fella with the shades should be (( B )). Sorry, forgot to put in the spaces between the brackets and the text

Well done Jackozy: you beat me to it

Here's my version of what's to come.....

GKP

dl.dropboxusercontent.com/u/7238706/GULF%20KEYSTONEwide.png

Looking at the wave structure that already exists, we appear to have a large Flat forming. The ((A)) wave terminating at 450; the (() wave at 126; and the ((C)) wave, currently under construction and estimated to terminate between 580 and 680. The first two waves have already formed as three wave ABC’s; the ((C)) wave should therefore form as an impulsive 1,2,3,4,5 starting from 126.
Wave 1 of ((C)) is already under construction and itself appears to be a flat. Waves A and B both being three way moves I expect wave C to be a 5 way construction and terminate between 257 and 284. Wave 2 should then retrace to around the 200 mark before wave 3 kicks in toward the 500. A short retrace back to around 430 > 385 should see wave 4 completed, followed by a final wave 5 to 580 > 680 to complete wave ((C)).
The internal construction of the individual waves will become apparent with the passing of time but, as mentioned, I expect the next wave to be of impulsive nature to complete a flat. It is not possible to show the entire structure on one chart due to its size and scope, so the chart shown under excludes the wave 5 of ((C)).
The timescale for the construction may well be protracted so patience will remain ‘king’. The chart is not meant to reflect timescale with any degree of accuracy. I would suggest there are probably several fundamental aspects that will affect timing, the obvious two being the situation between the Kurds and the central Iraqi government and any possible take-over.

Lol! Sorry folks! Wrong chart. Here's the right one:



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily14_02_14.png

Uhmmm, no post about this today?

Bounced off multiple supports and closed above the main uptrend with a bull hammer after a nice fade down below. I've been looking wave count possibilities here and I think the failure of the bounce off 149p to reach 179/181p was actually bullish and left that as a possible 4th of wave Z (see earlier weekly wave count). If so then this low (with a bullish divergence) could have been the end of the massive triple three correction from 450p. Still options here but looking good as long as it confirms in coming sessions. Here's the chart:



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily14_02_14.png

Could it be at last?....

Possible 123 low forming ???
One to watch...
dont jump the gun


dl.dropboxusercontent.com/u/4899609/gkp11thfeb2014.png