GKP

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

Sorry for the delay,,
Thats not a 123 low breakout, as thats an inside bar.
Just look on my article about 123 low set ups in the learning section of how it should look like.

Ill be opening up my previous months share tips section latter on today and you can have a look at the many 123 low set ups ive posted so will be easy to see how i do them.

Seymour Moola wrote: Here it is, what many GKP holder have been waiting to see