Monday, June 19, 2017 3:38:13 PM
AVXL Fibonacci now....
If this peak at 5.45 becomes the 'finished' first subwave in a rally,the math target for the finished 'subwave 5 ' is a target at 6 dollars. From there, the bullish pattern has a chance to retrace and Hold again at 5.50 area,and AVXL bulls can start being happy again if we get that kind of rally bounce in the coming weeks.
The next key for that to develop is to see the next retrace pullback and hold above 5.17 area/5.25 is better, but 5.20-5.30 area is ok, in these small subwaves,that develop into a finished rally wave. This 5.25 area is a key station on the technical chart. we are watching now to see how strong it can prove itself here or not. Some technical traders might like to trust a double bottom at 5.10 and they will buy that ...But in this case, theres more targets down there that have some power, and the lower steps at 5.00 and 4.90 have magnetic power to attract below a 'double bottom' at 5.10. I might expect volatile whipsaw zig zag tricks in that zone if it happens (5.10-4.90) it would be more fun to be clever enough to catch the 4.90 and to be able to watch how it plays out around 5.10 and then plunges to 4.90, this is all just anticipation of what might happen in future wave structure,if the support at 5.20/5.25 Fails.
The rally "bounce" AVXL needs now, has resistance every 5 cents from 5.45 to the rally target zone 6 dollars.
I anticipate somewhere in that resistance zone will come the next serious short attack. before it reaches 6 dollars. The entire intraday price action needs to be watched closely every step of the way in this bounce. watching to see where the Short sellers will jump on it. The strongest looking target is the key moving averages all around 5.80/5.85 but there are strong targets at 5.70 and 5.60 and 5.50, the chart is a mess now that the 5.50 support broke down. Its like a old man with a broken leg trying to climb up stairs one step at a time...when will he get too tired to go higher, and at that place on the stairway is a wicked step sister wanting to push him down the stairs. I wish I could make the evil sister go away, but its wall street trading, short attacking, wolves outside the piggys straw house. waiting for piggy to get fat enough to butcher. I'll be happy enough to see it reach 5.80 and I'll break even on all the shares I bought recently. and then I'll plan to buy the next downwave. much nicer to buy a lot of shares at 4.90 than (too early)(at 5.90-5.60).
I feel a little bad for the investors who bought a ton at 5.85,it proved too tricky and too early didn't it. I would be selling half those shares when the price returns there. and that's my own plan with my Trading Shares. so that I can take all that money and buy the next downwave maybe at 5 dollars ,4.90 , 4.70 maybe?? wouldn't 4.50 be a great bargain? gotta have dry powder to do that.
But ,at the same time,its a gamble to sell any shares at 5.90 just to get the money back because you cant be 100% sure that we will get a hammering downwave from there. it could make a shallow stop around 5.65 and begin another good rally to test 6.50 and that becomes a mistaken trade selling at 5.90.unless I started buying at 5.60...its always tricky to play this guessing game. the odds favor a bounce now, the odds favor another short attack somewhere around 5.60/5.70 and certainly at 5.80 and stronger odds the higher it goes. That's the risk traders take. to decide whether it will follow downwave short selling attacks and target(5.20-4.90)or whether it will hold bullish support at 5.60 again and rally to 6.60... its a guessing game. But in my view right now, the momentum has turned bearish for downwave to finish . finish might mean 4.90 or 4.70 or 4.50. The momentum change from bullish to bearish happened last week, when it failed at the 50ma at 5.85 and plunged to 5.10
Like a fighter knocked to the canvas. AVXL is just starting to get off the floor. It will be whacked down again, the question is where, at which Resistance step.
The Fibonacci shows the target steps pretty good most of the time.
The 'best' thing that could happen for me, to be able to sell the shares at 5.85 and get my money back, would be a fast surging blast, a big candle, like weve had in the past rallies, one or two days to rush back to 5.90 and that's a technical sell. the speed of such a surge would likely generate the next short attack and it ought to retest the 5.30 zone again, where better bargains can be obtained.
In the last 2 weeks I bought trading shares at 5.90/5.80/5.70/5.60/5.50/5.25/and 5.10 I want to sell all but the 5.10 and 5.25 when the time comes I can break even and get the dry powder back.
.... and If this trading strategy can work perfectly for me, I'll want to take that money and start buying at 5.30/5.20/5.10/5.00/4.90/4.70 and 4.50
So easy a Caveman can do it.
If this peak at 5.45 becomes the 'finished' first subwave in a rally,the math target for the finished 'subwave 5 ' is a target at 6 dollars. From there, the bullish pattern has a chance to retrace and Hold again at 5.50 area,and AVXL bulls can start being happy again if we get that kind of rally bounce in the coming weeks.
The next key for that to develop is to see the next retrace pullback and hold above 5.17 area/5.25 is better, but 5.20-5.30 area is ok, in these small subwaves,that develop into a finished rally wave. This 5.25 area is a key station on the technical chart. we are watching now to see how strong it can prove itself here or not. Some technical traders might like to trust a double bottom at 5.10 and they will buy that ...But in this case, theres more targets down there that have some power, and the lower steps at 5.00 and 4.90 have magnetic power to attract below a 'double bottom' at 5.10. I might expect volatile whipsaw zig zag tricks in that zone if it happens (5.10-4.90) it would be more fun to be clever enough to catch the 4.90 and to be able to watch how it plays out around 5.10 and then plunges to 4.90, this is all just anticipation of what might happen in future wave structure,if the support at 5.20/5.25 Fails.
The rally "bounce" AVXL needs now, has resistance every 5 cents from 5.45 to the rally target zone 6 dollars.
I anticipate somewhere in that resistance zone will come the next serious short attack. before it reaches 6 dollars. The entire intraday price action needs to be watched closely every step of the way in this bounce. watching to see where the Short sellers will jump on it. The strongest looking target is the key moving averages all around 5.80/5.85 but there are strong targets at 5.70 and 5.60 and 5.50, the chart is a mess now that the 5.50 support broke down. Its like a old man with a broken leg trying to climb up stairs one step at a time...when will he get too tired to go higher, and at that place on the stairway is a wicked step sister wanting to push him down the stairs. I wish I could make the evil sister go away, but its wall street trading, short attacking, wolves outside the piggys straw house. waiting for piggy to get fat enough to butcher. I'll be happy enough to see it reach 5.80 and I'll break even on all the shares I bought recently. and then I'll plan to buy the next downwave. much nicer to buy a lot of shares at 4.90 than (too early)(at 5.90-5.60).
I feel a little bad for the investors who bought a ton at 5.85,it proved too tricky and too early didn't it. I would be selling half those shares when the price returns there. and that's my own plan with my Trading Shares. so that I can take all that money and buy the next downwave maybe at 5 dollars ,4.90 , 4.70 maybe?? wouldn't 4.50 be a great bargain? gotta have dry powder to do that.
But ,at the same time,its a gamble to sell any shares at 5.90 just to get the money back because you cant be 100% sure that we will get a hammering downwave from there. it could make a shallow stop around 5.65 and begin another good rally to test 6.50 and that becomes a mistaken trade selling at 5.90.unless I started buying at 5.60...its always tricky to play this guessing game. the odds favor a bounce now, the odds favor another short attack somewhere around 5.60/5.70 and certainly at 5.80 and stronger odds the higher it goes. That's the risk traders take. to decide whether it will follow downwave short selling attacks and target(5.20-4.90)or whether it will hold bullish support at 5.60 again and rally to 6.60... its a guessing game. But in my view right now, the momentum has turned bearish for downwave to finish . finish might mean 4.90 or 4.70 or 4.50. The momentum change from bullish to bearish happened last week, when it failed at the 50ma at 5.85 and plunged to 5.10
Like a fighter knocked to the canvas. AVXL is just starting to get off the floor. It will be whacked down again, the question is where, at which Resistance step.
The Fibonacci shows the target steps pretty good most of the time.
The 'best' thing that could happen for me, to be able to sell the shares at 5.85 and get my money back, would be a fast surging blast, a big candle, like weve had in the past rallies, one or two days to rush back to 5.90 and that's a technical sell. the speed of such a surge would likely generate the next short attack and it ought to retest the 5.30 zone again, where better bargains can be obtained.
In the last 2 weeks I bought trading shares at 5.90/5.80/5.70/5.60/5.50/5.25/and 5.10 I want to sell all but the 5.10 and 5.25 when the time comes I can break even and get the dry powder back.
.... and If this trading strategy can work perfectly for me, I'll want to take that money and start buying at 5.30/5.20/5.10/5.00/4.90/4.70 and 4.50
So easy a Caveman can do it.
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