GKP

I wonder?

Ok Remo, the only difference in this series of posts was...

The failures were generated by clicking the dropbox icon in the task bar which then shows the titles of the last three images posted to dropbox. To the side of the titles it says.....'Share Link' when the mouse hovers over the title. I'd never used this facility before, instead going to the folder and right-clicking the file icon to get the link. It doesn't work so I will revert to the tried and trusted method. The only reason I'm relaying all this garbage is because someone else may tell you there is a problem.

Having just read that back it sounds 'Irish' so best ignore me

I'm using Chrome for this too but I still need links to the charts to be able to expand and read them clearly.

Anyway, thanks diver for putting up the link: www.dropbox.com/s/urdjykd4sliy1oj/GULF%20KEYSTONE.png

In the above you seem to have drawn your Fibs in a strange place. Is this what you're referring to as being erroneous?

I'd have thought that the Fibs ought to be drawn from the 126.3p low to the 166p high, no?

It's been a crazy market these last few days so almost anything's possible but if this doesn't go to at least 146p then there's something wrong and I won't trust it.

We wait and watch but I think there has to be more downside yet. 151p doesn't do it for me.

Jacko, the fib drawn on that chart is just for the 5th swing. The one for the overall move was the one containing the error and was deleted.
You are no doubt correct with the 146. My only interest is the uptrend continues:)

Okey dokey. Thanks for clarifying.

Are you thinking about the 5th wave retracements in case that wave is extended?

Jackozy,

If this hits the 50 fib at 146 it will most likely be backtesting the RSI trendline, from which it recently broke out, at the same time. Does this seem a likely reversal point.

Ps cheers for the 'recent updates' tab