GKP

Agreed, WS. I think that's the best case scenario here now. I've got a feeling that the monthly cloud base at 103p might give rise to the wave 4 bounce. There's a support at 104.25 and the 78.6% Fib of the 4.5p to 450p move at 100p too.

That's just a guess of course. No choice but to wait and see really - can't trade a guess can we?!

ideal scenario would be this is a 4 up to cap around 161 area , then a quick smack down to take out recent lows and putting in +divergence on larger timeframes... that be really nice.

price first before anything else.

New Month - New beginning - keep a close eye on those larger timeframes - monthly /weekly candles.

nice bounce this morning from retest of previous lows - 1hr + divergence, macd X, lower high... be watching 145 > 161 with interest...

indeed remo...and the top in between that period was 97/98p i pointed this in one of my previous posts ...

seems confluence of price is starting to appear...

purple line.. 50% of lower pitch fork, previous low @ 88p etc etc.....

dl.dropboxusercontent.com/u/40497882/GKP_monthlyv1.JPG
dl.dropboxusercontent.com/u/40497882/gkp_monthlyv3.JPG

diver993 wrote: It's quite laughable to hear so many flapping about what is not even a channel. Even the so called trend lines are totally invalid. Why oh why would anybody pay attention to something of no value?

good old zak He does draw a load of lines through imaginary points.
Most of his charts are like this and i personally dont agree with the way he does it but some people do. He regularly forces things. This is how most people probably draw lines so they are never accurate enough to place a trade based on this.
with regards to 10p predictions. Its possible but would require some thing worse than the court case to bring that price. who knows???
If 130 is breached then lower prices will follow and there is a load of supports before 10p .

since everyones looking at a short term chart i thought id put up a long term chart. This is a monthly chart. Yes monthly..
I never new GKP were trading since 2004. I always presumed it traded around the 10p mark .... I wonder how many people new this??????