GKP

F4T - What you thinking?

Thanks in advance!

F4T - Cautiously bullish, there seems a clear count up and maybe now it's due a correction for wave 2... But that's only if the count down is right and the bottom is in. So could be the classic case of sell before news, as it could well be pretty much priced in after the 100% rise. I'm guessing something like this....though maybe the count could be wrong?! Dunno. Need to see tomorrow's price action as I'm sure it will be telling - ready for the 13th.






screencast.com/t/F79ilHjSUVRc

P.S - I can't mention the reversal pattern.

I feel more like a koala with a nose ring

I see that all the GKP bears are now bulls!

My fib chart......


dl.dropboxusercontent.com/u/7238706/Gulf...td%20%28daily%29.png
(click on the chart or the link for an expanded view)

............. where it looks like £1 will be the first significant number.

is a change gonna come? getting close to 'the day' - we'll just have to wait and see!

Not looked at any upward channels on this for so long, so used to the downtrend trend - but as the short term trend has been up, I thought I'd plot some upward channels for a change to see where we might be headed, just as an alternative way of looking at things, and replicating channels. It is quite enlightening to see how the candles have reacted with touches and opens/closes of trend lines, especially how the gap up from the morning can be interpreted. So if the bottom is in, (nice 100% rise for anyone buying the bottom and selling at the top so far) is this where to look for support and resistance? Maybe too early to call until we break above 89.75p, but it is within grasp. Also some other levels to look at...

screencast.com/t/wM5iDNwWR