GKP

Yes your right Count should have read 12,,26,,9 thanks

SRB

I always thought 12 26 9 were the standard MACD settings....dohhh am I wrong?, which have already gone red.
Bounced off low of 65 so far today, which is very close to MA50 (currently 64.4) and an oblique minor support (~63.75).

KK, Thanks for your thoughts just a couple of questions for you,,,,,,,,,

1. I have heard of volume/price/momentum oscillators but I have never heard of the Chaos Awesome Oscillator before can you enlarge on what its based on please.

2. You don't use the standard settings (8,17,9) for your macd is that to give you and earlier indication of it turning or something else.

Many thanks

SRB

Hey y'all,

Here's the chart I posted on the 11th November, I did think the resilience of the shareprice may take it a little higher to 92p area (shoulda stuck to this view!!!(remember cautiously bullish, doh!)), which would have made things easier moving forward - knowing it had taken out 89.75p - it didn't, so I feel this count is right and v waves up completed.




So my views are with this count and this chart - we have retraced pretty much to 50% fib but odds on we retrace to 61.8% fib around 58/59p for correction and end of wave 2 as I would like to see indicator turn red to confirm count - this is all assuming that the bottom is in and this is not a larger ABC correction in prevailing downtrend, as opposed to waiting for an impulse 3 upwards. Absolute confirmation though is not breaching low in the 40's! Law - wave 2 cannot go below 1, just can't see it though.

Updated chart:




GLA

Hi F4T

I hope you are enjoying your new tools!

Do you still think that 59p should be tested and maybe even the 50p area?

Thanks again as always.

Would you not say this has already technically broken out of its long term downtrend and just waiting for a 123 low break and close above 89.75? or are my drawings wrong ?

gyazo.com/af37236972c6b81336cac9e0ede8e091