BG.

Bullish harami today so it should bounce from the shadow area. For me it should retrace a little more than 38.2% or 1224 after such a rapid ascent. Doesn't look done so I will wait and maybe miss, either is fine for me.

still hovering around this area Best place for a new long.
if this moves above 1247 then this should move a lot higher.



dl.dropboxusercontent.com/u/4899609/bg2ndsept.png

Testing the breakout point today. If it bounces from here then higher prices may follow.
stops should be below 1205.


dl.dropboxusercontent.com/u/4899609/bg30thaug.png

Had a closer look at this one. IMO the breakout point was actually 1210, which was Tuesdays close. The SP tagged the short term trendline (red) then broke through both, the blue one being taken from 1550.

uk.advfn.com/p.php?pid=chartscreenshotsh...9zT9GKLtBJcW8Dq5c%3D

I would expect a backtest on these trendlines at 1207/1215 giving a second chance entry here. Our 1550 line also coincides with a 50% retracement of the move, which would indicate a normal retrace of a large and sudden move.

PS: My trendlines as always are taken on a closing basis. It will be interesting if Remo's breakout point of 1231 becomes support. A good spot here by Remo nonetheless.

Breakout
should be a free trade now.
Target is 1350


dl.dropboxusercontent.com/u/4899609/bg28thaug.png

This is one to watch as theres a nice symmetrical triangle on this.
Id be looking to go long on a breakout past 1231. This has to finish the day above this level for strength to come .A finish above 1231 could open up 1357.
Keep an eye on the rsi for an early indication??
so keep an eye on this

dl.dropboxusercontent.com/u/4899609/bg27thaug.png

Ive done a blog on this
blog link
chartsview.co.uk/Chartsview-Blog/bg-group.html