Friday, October 14, 2016 2:06:55 AM
yes,I agree completely with all that....
Some real resistance points right overhead now (3.50-3.65 area) but also C,the 3.80 point has some history for pivots and Fib sensitivity.
I bought (too soon) some shares when it was coming down to hit 3.80 in the last cycle,and I'm prepared to sell them tomorrow and get my money back if it goes there.
We will see the weekly candle get printed tomorrow,I wonder what it will look like. a pop at the open that gets sold down hard from lets say 3.70 resistance,could generate the next sell off ,like we see so many times in AVXL. I think the 3.30 support level needs more testing,and the chart picture I see still shows the 3 dollar level in play, and like you said, Failing to hold 3.30 invites the step at 3 dollars and failing 3.00 invites 2.70
I shoulda been Jackson Pollack's understudy. No this is not a Mississippi steamboat,nor a Samaurai battle flag.
Believe it or not, I can see this chart ,but only because I drew it .
Chuck, the more I draw with Fibonacci Geometry the more sublime it becomes. Every single line and arc is "connected" in this picture.
Some real resistance points right overhead now (3.50-3.65 area) but also C,the 3.80 point has some history for pivots and Fib sensitivity.
I bought (too soon) some shares when it was coming down to hit 3.80 in the last cycle,and I'm prepared to sell them tomorrow and get my money back if it goes there.
We will see the weekly candle get printed tomorrow,I wonder what it will look like. a pop at the open that gets sold down hard from lets say 3.70 resistance,could generate the next sell off ,like we see so many times in AVXL. I think the 3.30 support level needs more testing,and the chart picture I see still shows the 3 dollar level in play, and like you said, Failing to hold 3.30 invites the step at 3 dollars and failing 3.00 invites 2.70
I shoulda been Jackson Pollack's understudy. No this is not a Mississippi steamboat,nor a Samaurai battle flag.
Believe it or not, I can see this chart ,but only because I drew it .
Chuck, the more I draw with Fibonacci Geometry the more sublime it becomes. Every single line and arc is "connected" in this picture.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
