Ah14 Jun 2015 10:01
OK, thought I'd been given a new acronym for myself for a mo ;)
I had reason to like 160s on Fibs and the 164(?) gap fill with the next gap down @ 135 as the fallback point but there are gaps to be filled all the way down to 95 here so we'll have to see how she goes but having thrown a few more lines at the chart last night, in addition to the chart I stuck up on WSG the other night, I'm expecting/hoping for her to start showing some movement to the right in this drop, even though she'll still be dropping, i.e. slowing down to time a target first bounce and, perhaps, start wedging down to fill gaps from there but obviously I'm guessing well ahead of time here ...
Here's my very much WIP chart:
http://i.imgur.com/znCx2UI.png
She's locked in some horizontal resistance for herself in this awesome drop @ c290 and c£2 so a last-but-one gap fill @ 112 would work *really* well ...
One thing to note here though is that awesome 320p>205p candle, that's amazing and an extrapolation of that alone would get you to 90p!
All just charturbation at this point of course but we'll see how she goes ...