Wednesday, July 19, 2017 7:54:36 PM
Blocks of pullback targets for AVXL
the Fibonacci target zones,all the way down to 4 dollars. The weekly 50ma around 4.60 is waiting. the bounce we could have now still has a target area at 5.70/5.60, the weekly 20ma.
Resistance starts way before that though. a bounce to 5.50 would be impressive at the current moment. This major pullback from the 6.64/6.49/6.30 topping zone, that's fallen to the 4.95 "Range base" is just the beginning of the larger pattern Fib pullback zone. IF the powers can manage this bleeding process, we could see any or all of these targets get hit. and Still be called a technically 'normal' retrace,in the larger picture.
Now the chart ,with hindsight, shows a failure to follow thru in the rally wave, that had targets at 7 and 8 dollars.... so much for the rally that fizzled out. and because of that lost rally, all the shares I bought in the bullish momentum, at the 5.70-5.90 area, anticipating a continued rally, are now all shares I "bought too soon ,too high" and all need to be sold to get the dry powder back break even. when the time comes. and if I'm lucky in the current bounce/collapse pattern, that's still trying to find a bottom.... this 4.95 might, or might not be the bottom, theres a lot of real estate down below in play. But IF we do see any kind of good bounce back into the 5.60 resistance zone, I may need to take that one chance to get my trading cash back.
This is a delicate place now for AVXL, at a bottoming target zone 4.95/5.00 but we could see a small bounce into low resistance overhead....like 5.20 and Failing again could get hammered below 4.95, looking to hit that 50ma target at 4.60 area. another "dip to buy" on the way down to the final Bottom, which we don't know yet, depends on what the powers intend to do.
with no institutional "support" buying at 5 dollars, like some think "should happen" we could see AVXL retesting the old support base at 4.30 again. it means all the buying of shares at 5.50-5.90 was way too high, and now I need to repair that damage. when the chance comes.
IF AVXL has a lot of time waiting for the next news results, this bleeding down wave can continue and even the target 50ma at 4.60 might not prove to be a bottom if it gets hit. Lets see now what this 4.95 does for a bounce,it might offer a clue, as to how strong this downwave momentum/manipulation will be.
I hate this part of the trading game, having to buy and sell on the way down. needing a bounce to hit 5.50-5.60 so I can get the trading cash back ok.
it becomes a waiting game but not a happy one, anxious to see the next bounce from this 4.95 "bottom"
IF the chart pattern shows a lot more downward target zones from 5 to 4 dollars, then how high the next bounce might reach before it gets hammered back down, might be not too high, might be lucky to see it bounce to test 5.50, and then see it get hammered down from 5.50 to 4.60 all over again, even lower. a bounce right now might be a small gift for those who want to get some cash back, in case we do see a gresater downwave to the much lower targets.
This is all educated guesswork,looking at all the data on the chart, and the patterns I see, but not meant as any advice to buy or sell. Its a sharp test of analytic skills here, to forecast,anticipate where the next bounce will climb to, when it will get hammered down again, how far down it will go next time, or hold at support and climb to higher targets. It was a technical buy target at 5.00-4.95 and it will be a technical sell target somewhere around 5.40-5.75. ...and I have to try and do both, with very little dry powder in the barrel.
Glancing at the chart picture, from a Bottom at 2.43 and 2.76 ,one could say well, this pullback to 5 dollars is perfectly ok, (which it is) and even if it collapses to 4 dollars is a "dip to buy" and that's true as well. but there is a different chart to draw besides this one.
This chart that starts from the 2.43 bottom and measures to the 6.64/6.49 peaks,is the large picture . But you candraw,and measure the chart from some of the higher Lows, start from any of them, at 3.00/3.10/3.30/3.50/3.88 and 4 dollars, and see what all the mathematic targets look like that way. and its a different looking picture. I say its worth charting from a "bottom" at 3.88 or 4 dollars just to see what a "Reset" at 4 dollars looks like in a chart pattern now. you understand what I'm saying... IF you consider that a bottom at 2.43/2.76 was "Way too Low" to be real. Then where would the reset bottom be? when institutions started buying more, and the science developed more, and I like this idea of trying to determine a "New cycle Reset bottom" that's not measured from the 2.43/2.76 but somewhere else.... experimenting with all the alternative Bottoms, can offer some good clues.
Basically, lets say the bottom is 3.50 and the top is 6.50.... the 50% Fib target zone is 5 dollars. right where we are now. It means that if you subscribe to this idea, of a reset bottom, at 3.50, then this 5 dollar zone is not the Beginning of the major pullback, it represents the finish target zone area, and the Fib zone would be 5.36/5.00/4.64.
It would also mean a plunge or bleeding down to hit the 50 ma at 4.60 area would be an automatic buy, and a gues that it represents the Finished Bottom target zone. Its a different lens to see the chart thru.
I don't know which lens will be more accurate as the powers take price where they intend it to go.
the Fibonacci target zones,all the way down to 4 dollars. The weekly 50ma around 4.60 is waiting. the bounce we could have now still has a target area at 5.70/5.60, the weekly 20ma.
Resistance starts way before that though. a bounce to 5.50 would be impressive at the current moment. This major pullback from the 6.64/6.49/6.30 topping zone, that's fallen to the 4.95 "Range base" is just the beginning of the larger pattern Fib pullback zone. IF the powers can manage this bleeding process, we could see any or all of these targets get hit. and Still be called a technically 'normal' retrace,in the larger picture.
Now the chart ,with hindsight, shows a failure to follow thru in the rally wave, that had targets at 7 and 8 dollars.... so much for the rally that fizzled out. and because of that lost rally, all the shares I bought in the bullish momentum, at the 5.70-5.90 area, anticipating a continued rally, are now all shares I "bought too soon ,too high" and all need to be sold to get the dry powder back break even. when the time comes. and if I'm lucky in the current bounce/collapse pattern, that's still trying to find a bottom.... this 4.95 might, or might not be the bottom, theres a lot of real estate down below in play. But IF we do see any kind of good bounce back into the 5.60 resistance zone, I may need to take that one chance to get my trading cash back.
This is a delicate place now for AVXL, at a bottoming target zone 4.95/5.00 but we could see a small bounce into low resistance overhead....like 5.20 and Failing again could get hammered below 4.95, looking to hit that 50ma target at 4.60 area. another "dip to buy" on the way down to the final Bottom, which we don't know yet, depends on what the powers intend to do.
with no institutional "support" buying at 5 dollars, like some think "should happen" we could see AVXL retesting the old support base at 4.30 again. it means all the buying of shares at 5.50-5.90 was way too high, and now I need to repair that damage. when the chance comes.
IF AVXL has a lot of time waiting for the next news results, this bleeding down wave can continue and even the target 50ma at 4.60 might not prove to be a bottom if it gets hit. Lets see now what this 4.95 does for a bounce,it might offer a clue, as to how strong this downwave momentum/manipulation will be.
I hate this part of the trading game, having to buy and sell on the way down. needing a bounce to hit 5.50-5.60 so I can get the trading cash back ok.
it becomes a waiting game but not a happy one, anxious to see the next bounce from this 4.95 "bottom"
IF the chart pattern shows a lot more downward target zones from 5 to 4 dollars, then how high the next bounce might reach before it gets hammered back down, might be not too high, might be lucky to see it bounce to test 5.50, and then see it get hammered down from 5.50 to 4.60 all over again, even lower. a bounce right now might be a small gift for those who want to get some cash back, in case we do see a gresater downwave to the much lower targets.
This is all educated guesswork,looking at all the data on the chart, and the patterns I see, but not meant as any advice to buy or sell. Its a sharp test of analytic skills here, to forecast,anticipate where the next bounce will climb to, when it will get hammered down again, how far down it will go next time, or hold at support and climb to higher targets. It was a technical buy target at 5.00-4.95 and it will be a technical sell target somewhere around 5.40-5.75. ...and I have to try and do both, with very little dry powder in the barrel.
Glancing at the chart picture, from a Bottom at 2.43 and 2.76 ,one could say well, this pullback to 5 dollars is perfectly ok, (which it is) and even if it collapses to 4 dollars is a "dip to buy" and that's true as well. but there is a different chart to draw besides this one.
This chart that starts from the 2.43 bottom and measures to the 6.64/6.49 peaks,is the large picture . But you candraw,and measure the chart from some of the higher Lows, start from any of them, at 3.00/3.10/3.30/3.50/3.88 and 4 dollars, and see what all the mathematic targets look like that way. and its a different looking picture. I say its worth charting from a "bottom" at 3.88 or 4 dollars just to see what a "Reset" at 4 dollars looks like in a chart pattern now. you understand what I'm saying... IF you consider that a bottom at 2.43/2.76 was "Way too Low" to be real. Then where would the reset bottom be? when institutions started buying more, and the science developed more, and I like this idea of trying to determine a "New cycle Reset bottom" that's not measured from the 2.43/2.76 but somewhere else.... experimenting with all the alternative Bottoms, can offer some good clues.
Basically, lets say the bottom is 3.50 and the top is 6.50.... the 50% Fib target zone is 5 dollars. right where we are now. It means that if you subscribe to this idea, of a reset bottom, at 3.50, then this 5 dollar zone is not the Beginning of the major pullback, it represents the finish target zone area, and the Fib zone would be 5.36/5.00/4.64.
It would also mean a plunge or bleeding down to hit the 50 ma at 4.60 area would be an automatic buy, and a gues that it represents the Finished Bottom target zone. Its a different lens to see the chart thru.
I don't know which lens will be more accurate as the powers take price where they intend it to go.
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