BLVN

Looks very much like Blvn is going to 53p. The fall here is dramatic and it just keeps going. There is some positive MACD divergence but all other indicators are poor.

uk.advfn.com/p.php?pid=chartscreenshotsh...NnXip8HzfYeYAEVS8hg=

Minimum 7 point bounce at 53p IMO.

F4T

I'm long on this now with a tight-ish stop.

Gotta agree with all that. I've said for a while that a close below 68 will make 63 certain.

Key level approaching for BLVN now after today's breakdown of the intermediate trendline support. Here's the daily:



dl.dropboxusercontent.com/u/20815047/FTS...LVNdaily11_06_13.gif

And the weekly to show how important the 62p level is:



dl.dropboxusercontent.com/u/20815047/FTS...VNweekly11_06_13.gif

I'll be going long at 62p but with tight stops and there doesn't appear to be much to stop this from going to 55p or below if 62p fails IMHO.

Hi amo
Its really hard to make it out on your chart as its zoomed out.
But its make outable...
Only thing wrong with this is that the fib projection is not from a important area.
Looking at your zoomed out chart you can see that its more or less in a sideways move.
Your projection are dependent on a few factors . What are you basing it on????
Elliotts wave use a lot of fib projection so you need to know which wave your in.
Best way to start would be to use a low point. Your ones taken from a mid point.
Also i personally dont like it when the price moves beyond the 61.8fib then to do a fib projection.
Another reason being is that the 100% target is just above the previous waves high where this was taken from.That i find to be not effective.
Its hard to explain all this so ive probably lost you.
Have a look at the video in chartsview
chartsview.co.uk/learning/Video-fib-Extensions.html



[video [/video]

OK, Ive managed to draw fib projection using pro realtime.
Can anybody confirm that I've drawn this correctly please.



www.dropbox.com/s/iocwivsr7ecydqi/Screen...%2006.40.56%20PM.png