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LLOYDS BANKING GROUP PLC ORD 10P, MX OIL PLC ORD 0.01P, UNION JACK OIL PLC ORD 0.025P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, WISHBONE GOLD PLC ORD 0.1P (DI)
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limited upside if any
just playing with idea of possible route..
possible downward channel ....
divergences possible end of 5th wave
Now in 5th wave after abcde correction of 4th wave limited further upside this cud be ended now or at the second blue zone with a slight chance of 1284. Longer term this is looking more corrective with a downside upto 1160 alternatively this could retrace to 0.618 - 0.786 around 1233 area lowest and 1244 highest before an impulsive wave 3 ....
truncated 5th this 3rd wave is exhausted and likely will see the 5th with little more room up max 1273 this been the case correction should end in 0.786 retracement also been the point tthe rally gathered momentum
going into c wavee of abc correction before next bull run tg around 1233-36
short may short term go up howevr this is a short set up running flat correction going back to initial demand zone
analysis of previous moves
limited upside short term, making base for next upleg
expecting drop to around 105 area ove next month
last week so bottom in now the basing process is in progress ready for next upleg intially testing that yearly trendline again
in to c correction bouncing off trendline
hit trendline maybe one last attempt at 1300 before 105