GKP

Roxy,

No, I haven't got a p&f chart with auto targets but if I find time later I'll manually calculate them. I suspect that most are probably not active targets though.

I was wrong about there being no active targets (should have thought about it more). It's been an interesting exercise but please be aware that the following may contain errors as I have done this manually. I used 1 x 3 box size (points, not %age) and prices based on highs not closes:



dl.dropboxusercontent.com/u/20815047/GKPP%26F13_04_14.png

Ties in nicely with the "standard" TA of supports and resistance.

I forgot to add; the bounce off 92p on Friday will generate a downside target if it fails to take out 109p. This will become active should 92p fall.

The maximum downside target that could generate would be 58/61p - also not far from the next price support at 64p.

Daily trend remains down so be careful, stick to the "Remo Rules", use stops and take profit at resistance. Simple.

Jacko, so where do you see waves 1,2 & 3 to go with this potential wave 4?

I do count the current move to 109.00 as a 3 way structure .....

Hi Diver,

Sorry but I'm not sure I understand...if this is a potential wave 4 up from 82p then we must have already had waves 1,2 and 3, no?

If a wave 4 up from 82p then I have wave 1 = 196 to 161, 2 from 161 to 191, 3 from 191 to 82 and currently in 4. Is that what you mean?

I also have possibilities which have 82p as the bottom and one which sends this much lower in time. Got to be careful surfing the waves without checking on the current and tide conditions!