RE: Next sticking point13 Aug 2020 13:02
Well yes, Buff, that's exactly what could happen the SP could... wait for it... ACTUALLY FALL!!! although reading most posts that seems not improbable but impossible.
All charts do is try and predict likely outcomes. I think the SP will carry on in a zig-zag way to a 335p where, from there it will fall back or go up further. If it went through 335p I would expect a fair amount of buying a s a resistance point is breached.
If you really wanted to use Charts to time your entry it should have been around 287-290p, now that's passed you would wait to see what happens at 335p. The argument being better to miss out on potential profit from here (320p) to 335p because it could fall back to 285p again (but as I have said I don't think it will), then to wait to get in at ,in theory, with less risk of loss at say, 236/237p with a tight stop loss of 233p. All charts are, are an odds game. It just tries to limit losses and maximise gains rather then be in any way, absolute in its predictions.