GKP

Sure - it can go where ever it wants intra-day but on closing basis will signal a warning esp on bigger time frames,a 1st signal that buying at significant price points no longer provides an interest and lower prices are likely. you can ref weekly chart in the below post as a guide....


WS

diver993 wrote: "structurally and technically remains in good shape as long 154/7/161 remains intact"

WS, could you please explain the numbers quoted above as I don't understand them? Thanks,

Diver

"structurally and technically remains in good shape as long 154/7/161 remains intact"

WS, could you please explain the numbers quoted above as I don't understand them? Thanks,

Diver

Following on from my last post below here is the daily chart - and support continue to hold which is very important...structurally and technically remains in good shape as long 154/7/161 remains intact on closing basis both on daily n weekly charts respectively

The first inv head and shoulder pattern appears on small time frames as indicated in my previous post, however there is a bigger one in the making..... i've had an indicative 1st target (not the last target) for some time now of around 308/15 based on some fib calculations etc - as an example the move from 129 - 240, a 1.618ext comes in at 308p.

This pattern forming right now on the daily chart also suggests a measured target to that area should it take shape, key levels before that to get through but a matter of time imo.

here is the daily chart & something to keep an eye on.



dl.dropboxusercontent.com/u/40497882/GKP_daily_Oct13.JPG


dyor, all imho etc...

WS

few things to keep an eye on - no issues really yet from a TA perspective imo.

potential inverse H&S



dl.dropboxusercontent.com/u/40497882/GKP_I_H_S_Oct13.JPG


Doji's printed at key price can be very powerful on confirmation and esp this kind of setup


dl.dropboxusercontent.com/u/40497882/GKP%20Weekly_oct%2013.JPG

weekly from a far - focus on purple zone clear support and it's importance historically.




dl.dropboxusercontent.com/u/40497882/GKP_support.JPG

rgds ws

diver993 wrote: I don't want to be a kill-joy but, having look at this again last evening there is a possibility the recent high at 186.25 was the completion of a sub-wave 4 and we still have some way to go, possibly to 149ish if the 5 copies the 1.

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

I've shifted my stop to B/E just in case.....

Please ignore this post: it's total garbage - unless we get a 'b' and a 'c' wave to follow and I think Armageddon has more chance Think I lost it this morning: trying to see things that weren't there .... duh!

I didn't get a fill so I was wrong too. My order has now expired.