Friday, April 28, 2017 2:53:52 PM
yep...this is the AVXL picture now.
same picture from the last 2 weeks. The critical battle zone and balance area around 5.70-5.90 centered around 5.80, as the key balance between a bullish rally wave pattern and a 'bearish' (larger) pullback downwave pattern.... the chart picture shows this every time I draw it now and this week's price action did nothing to change the picture and the 5.80 balance line. Failing to rally to and thru 6 dollars , but also Failing to fall lower than the critical 5.60 support, so far, still staying stuck inside this tight box from 5.60-5.90 area. The powers don't seem to want to allow a rally right now. but they are equally careful to keep it holding at the 5.60 support so far. and the picture remains the same as its been for the last 2 weeks, waiting for something to give way to the next break thru move, either falling/plunging below 5.60/5.50 probably needs to break below 5.50 to make the real downwave to the 5.30-5.00 target zone. That's an automatic buy for me if that happens.
.... and on the upwave side of things, a surge has to break thru the 6 dollar resistance and target the 6.10-6.15 area,where I expect it to get capped again there for now,but the surge to 6.00-6.15 has a bullish chance to become an upwave....IF.... it makes that run to 6.10 area, THEN pulls back to 5.80 support ...AND Holds support there at that critical 5.80/5.85 ,like it needed to the last 2 weeks,(but failed) it needs to succeed ,some day, holding the 5.80, and then generating the rally surge from there. Its waiting to develop now. but being kept under control, not being allowed to make this rally yet. When it does rally, the pullback from this resistance area around 6.15 back to the 5.85 support area will become the critical price action to watch when the time comes.
" ... don't move until you see it..."
........................................................
same picture from the last 2 weeks. The critical battle zone and balance area around 5.70-5.90 centered around 5.80, as the key balance between a bullish rally wave pattern and a 'bearish' (larger) pullback downwave pattern.... the chart picture shows this every time I draw it now and this week's price action did nothing to change the picture and the 5.80 balance line. Failing to rally to and thru 6 dollars , but also Failing to fall lower than the critical 5.60 support, so far, still staying stuck inside this tight box from 5.60-5.90 area. The powers don't seem to want to allow a rally right now. but they are equally careful to keep it holding at the 5.60 support so far. and the picture remains the same as its been for the last 2 weeks, waiting for something to give way to the next break thru move, either falling/plunging below 5.60/5.50 probably needs to break below 5.50 to make the real downwave to the 5.30-5.00 target zone. That's an automatic buy for me if that happens.
.... and on the upwave side of things, a surge has to break thru the 6 dollar resistance and target the 6.10-6.15 area,where I expect it to get capped again there for now,but the surge to 6.00-6.15 has a bullish chance to become an upwave....IF.... it makes that run to 6.10 area, THEN pulls back to 5.80 support ...AND Holds support there at that critical 5.80/5.85 ,like it needed to the last 2 weeks,(but failed) it needs to succeed ,some day, holding the 5.80, and then generating the rally surge from there. Its waiting to develop now. but being kept under control, not being allowed to make this rally yet. When it does rally, the pullback from this resistance area around 6.15 back to the 5.85 support area will become the critical price action to watch when the time comes.
" ... don't move until you see it..."
........................................................
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