Lloyds

will do SRB - looking at the daily - there are signs of -Div. perfectly normal for a 5th - just something to be weary off.....

SirRichardBunson wrote: Hope you get 5 mins to put a chart up WS and would also like to know that if 77/81 was the top then what can we expect with any retrace, will it be a 3 or 5 wave down.

Tight Lines

SRB

Just a quick, and probably very dumb (the tin hat is on so don't spare the return!!) question WaveSurfer - can you tell me what -Div means please and what the signs are that you're looking at that tell you that it is a '-Div'??

Many thanks,
Anne

hi guys, - here's a quick n dirty chart....will look inot more detail when i've got some time.

Annes - -divergence is when price make a new high and the RSI does not - see illuminated area.




dl.dropboxusercontent.com/u/40497882/lloyds_daily_aug.JPG

rgds WS

Brilliant! I can see that quite clearly - I appreciate your help! Thank you

Anne

1st sign of weakness in strong uptrend
Bearish Engulfing Candle or a tweezer top today



No position

If I had a Long position I would exit here

well spotted and analysed....