price manipulation games...that's the problem...
and that's the problem I'm having as I look at the chart these days.
You know how the chart looks, and all the charts I keep drawing now, come out the same. I want to draw something that shows me any upward direction....and its just not happening right now...because every chart I draw is showing that last rally wave ,a month ago, that went from 5.60 to 6.27 and then got plunged and bled down to 'bottom' at 5.10....has affected the pattern in some way, when I draw now the chart, I have to look at that downwave, from 6.27 to 5.10, and factor it into the picture.
What changed, if anything. Is this still a Range pattern? maybe it is. But could it also be the beginning of a greater retrace to the whole chart (2.43-6.64) which has target zone around 4.90/4.70/4.50 area? it could be. so it does stretch out the Range parameters at least.
Was the plunge to 5.10 excessive? with the real target at 5.30? and could it happen again? these are key questions now. Why would the long stretch of support base at 5.50-5.60 that stayed level for months, now suddenly collapse like a hot knife thru butter, as it plunged down to 5.10. Are these MM manipulation games the most important factor? they might be. and now, we get this bounce from the 5.10 that has carefully climbed steps to reach the 5.75 (resistance danger) so far. and ,not to ignore it, along the way we also see these 20 cent flash plunges, that also show manipulation intraday.
There are rally targets ,resistance targets from 5.80 to 6.50, easy to see on the chart, and they all have magnetic attraction energy....at 5.80/5.90/6.00/6.05/6.10/6.15(a strong magnet here) then 6.20/seems every 5 and 10 cent step, then 6.30 (magnet) then on to 6.40/6.50 and 6.64 Before we can call it a "break out"
Serious rally targets are above 7 dollars and 8 dollars. but AVXL is dealing with the 6 area now. the battle between 6 and 5 dollars.
Is the "base" at 5 dollars finished? or could we see some strong resistance here at 5.80-6.00 generate the next downwave that retests the 5.00 and maybe even the targets below 5 dollars? its possible, but how would that downwave get generated? I can only suggest that if we see another downwave, it will Begin from Resistance around 5.80-6.10 area as the starting point for the next short attack.
and this is really the current picture I keep drawing over and over on the chart....a bounce into the resistance zone (5.75-6.00 area) and then IF the short attackers have another bomb to drop, this is where I expect it to begin. IF that happens, and we see a big plunge or another bleed down, from 6 dollars it should at least target 5.50/5.60 as a first downwave. That much, will look neutral, like the last time it did this, they are sneaky,as they bleed it down slowly, as you described, slowly as to not tip their manipulation intention....they can bleed it down to retest 5.50 and by holding it there for a day or two, make the sheeple think 5.50 will hold ok, then they slam it down , and plunge it and that's what they did last time. they can do it again exactly the same way. and IF the short attackers get behind it , they might reach 5 dollars again. theres something disgusting about it, manipulation, and control.
So we don't get any rally unless the MM's want to allow it. and we don't get any plunging downwave unless the MM's create it. Its all manipulated. and If that's the bottom line, then all we can do is see if technical analysis can discover where the targets might be. I have seen for many months, this key target around 5.30..... and all that time when it was holding a steady base around 5.55/5.59 I kept thinking this has a real target around 5.30 and 5.20 etc..down to retest 5 dollar zone, and the larger picture really has its retrace targets at 5.10/4.90/4.70 and 4.50
Could we ever see those targets at 4.70 area get hit? I almost believe that the way the MM's play this manipulation game... one thing they seem to be doing, is they craft a chart like this, spending weeks developing a "Bottom zone" like 5.50-5.60 area, for weeks .... making it look like this 5.50 base will hold....and then look what they do to slam it down when the right time comes. down to 5.10 it goes. and now This is the chart pattern we have to look at and figure out what the hell they are doing here.
All the technical chart work I'm doing with this picture, is showing me that now we have BIG Danger overhead, as a resistance wall around 5.75/5.80/5.85/5.90 that could become the next steel wall that slams price down again.
I don't know If they will slam it down here,at 5.80, but the technical odds are screaming for a whipsaw slam down around 5.94-5.87-5.77 area.maybe we get a fast pop that hits 5.90 and then gets Hammered down, I don't know where the Bullseye target is...but the Danger zone is Very visible, overhead, right now, (5.70-5.95 area)
IF I was going to be very strict and disciplined in technical trading, then I have to say, this 5.80/5.90 danger zone is a Must sell of the trading shares I bought here (at 5.80)and break even on it. That doesn't mean we couldn't see several more steps climb up to target 6 dollar target zone,or even 6.10/6.15 area, it just means the technical Danger zone, that started already around 5.55-5.65, and now AVXL is in the middle of it at 5.75 is a danger zone and it gets stronger the higher it goes.
Given the way the MM's have been manipulating the price up and down, and I don't know precisely where their next target is set for, or when and where they will reach that target and then Slam it down again....I only know that the technical zone is 5.70-6.10 and any point in between could become their trigger switch.
It makes sense to be cautious here in these next few steps the bounce might climb, if it climbs any more at all. This in my view, is truly a Wiley Coyoye moment at the cliff edge, and the MM's can push it off the edge like they did last time, if they intend to.
The ideal trade right now, given all this, would be to see the MM's climb price to hit the 5.95 target,sell the excess trading shares there....Watch the Slam down happen there, that plunges and bleeds AVXL back to retest 5.40/5.30 and start buying trading shares again there, from 5.40-5.00 all over again. and see if the MM's hold that support shoulder around 5.30 area. That's what the bullish chart pattern wants to see crafted now.
IF the MM's have some other plan, I have to just sit back and watch what they intend to do.
IF they do this downwave move, lets say from 5.87 to 5.37, then the 5.37 area is a technical buy, and then AVXL starts the bounce again, to try and rally higher.but the MM's would look to cap it around 5.70 and slam it down again from there,to retest targets below 5.30.
Now, as I continue to describe this same picture we've been watching for the last 3 or 4 months, some things haven't changed but a few things have. The plunge to 5.10 has stretched the boundaries of the Range Pattern from 6.60 to 5.00...and the "Base" at 5.50 becomes much weaker.
The target at 5.30 I was waiting months for, got awakened and now becomes a prime target in the pattern, as does the 5 dollar bottom zone.
There can be 3 patterns to watch now.
1) the Range Pattern (6.50-5.00)
2) The Large chart picture, that has bottom at 2.43 and top at 6.65 area, which has Fib retrace targets at the 4.50-5.00 zone.
3) a Rally breakout pattern, that would be taking the latest 5.10 as a Bottom, and the current rally continuing to climb to targets like 6.20, then pulls back to HOLD Critical Support at the 5.5-5.70 area, and THEN makes a big rally surge to break out of this Range pattern and target 7-8 dollar target zone.
I do believe the best 'predictor clue' in all of this game,is to understand that all price action is controlled and manipulated by the MM's and big money wall street players, and they will achieve whatever rally or downwave they Intend to create.
and so plotting the chart analysis like we do, means its just a technical guessing game, that often works very well. The challenge is not so much finding the targets on the mathematic chart, that's the easy task. the hard task is Guessing what kind of Manipulation game the MM's intend to do next.
and that's my dilemma here in this chart pictyure, the latest plunge down has broken down the old picture, and shaping a newer version, the current bounce into resistance area is a trap waiting to screw the sheeple who buy here. I expect another slam down coming. The rally is NOT happening unless the MM's intend it to happen. and maybe the only thing that the MM's cant control is the release of really great news that COMPELS buying and a big rally. Otherwise,in this waiting period, we see the MM"s manipulate price anywhere they want it to go.
I'll be happy to sell my 5.80 portions at break even and buy them all back at 5.35 if the chance comes. and thats about all I can do here.
I don't expect they will create a larger downwave to target the 4.70 area. Maybe they will just push it back to 5 dollars again. I don't expect they will allow a big rally above 66.60 topping zone right now. Maybe they are also waiting to see what the next News looks like....
It gets tiresome analyzing this over and over, trying to find any clues I haven't seen already.
I like the 5.10 and 5.30 target zone as a buy target. and the 6 dollar area(5.80-6.15) as a resistance zone to be careful at.
