GKP

ideal scenario would be this is a 4 up to cap around 161 area , then a quick smack down to take out recent lows and putting in +divergence on larger timeframes... that be really nice.

price first before anything else.

Agreed, WS. I think that's the best case scenario here now. I've got a feeling that the monthly cloud base at 103p might give rise to the wave 4 bounce. There's a support at 104.25 and the 78.6% Fib of the 4.5p to 450p move at 100p too.

That's just a guess of course. No choice but to wait and see really - can't trade a guess can we?!

let's get confirmation 1st... plenty of pips to be had if we think what is coming next after this move down is completed.....

patience & confirmation the key to this.

no guarantee but could go this way....

Mr Market (seller) say's to to another Mr Market (buyer) vis a vis - let's create a double bottom to suck some punters in & they'll be saying bottoms in, bottoms in !! ...let's pump it up then pull the rug out of em & see who's bottom has really been wiped

Ha ha! Nice one WS!

I'm pretty sure those same guys have got their eyes on triggering a margin call for IG's clients who are 99% long, many from much higher levels than this too!

Bottom's may not be just wiped but spanked lol!

WS, can we re-visit your idea of an irregular flat wave 2 as the post 202.75p move please? Here's your chart: demo.chartsview.co.uk/media/kunena/attac...weekly_irreg_Alt.JPG

I can get the count up to 450p but after that it ought to be a major wave C, right? In which case it ought to have 5 subwaves as an impuse but that's not how you've counted it and nor can I get 450p onwards to fit this pattern. I think it has to be something different.

I'm still working on it. I love puzzles!

be free from 14:00 onwards on chat - if want to discuss J