GKP - Research

Hi Diver,

Always interested to see your EWT breakdown, just one question for you is wave 4 complete in your opinion or can we expect another minor wave down below 203 before major wave 5 up.

Regards

SRB

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

How I see GKP. Please ignore some of the labeling, especially in wave (( iii )), as it was slung together. I think the overall is about right.
Where wave 5 goes is THE QUESTION. There are many possibilities, of which 242 will be the lowest - this is a duplicate of wave 1. 263 is a 161.8% extension of wave 4. After that there could be all kinds of extensions into the distance. For all holders I hope the latter is the case

Oh it's so good to have the broadband back

SirRichardBunson wrote: Remo what's your stop loss on this trade please is it below the gap fill @ 193.00

SRB

My stop is at 185 as taking the gamble on this...lol

Remo what's your stop loss on this trade please is it below the gap fill @ 193.00

SRB

Im long on GKP from the 203 area.
This level has been support and resistance for gkp for a long time.


dl.dropboxusercontent.com/u/4899609/gkp12thsept.png

SRB,

Lots of reading and then studying under Eric Morriera, who's responsible for the Elliott Wave Forecast. I'm by no means an 'expert'so please don't take anything as 'set in stone': any advice is meant solely for guidance as nobody can see the future, which is the very reason all trades should be accompanied by stop-losses.

Have a great weekend.