Ive been placing stink bids ahead of time. I placed one at the 4.88 last night.
I thought that was the next stair step,as good as any. I did think we would see a real bounce today. It popped to 5.07 just to sucker in the sheeple and then they slammed it down, Twice actually. a big bounce at 4.80 got hammered right back down.
It paused at the 4.94 area,and then plunged more to hit 4.80
4.80. is 4.80 a true station for a bottom? I dunno.
What about the volume in these plunges and bounces? It all looks orchestrated ,contrived and manipulated to me. on the 5 minute chart. why would price get Hammered at 5.07. who would be selling at 5 dollars? is this the manipulation of HFT supercomputers. ? what does the volume picture look like to you?
is this dark pool manipulation?
so Ive been placing stink bids to get filled. last nites was set at 4.88. I didn't have my sights set on 4.80....but now as I start running out of dry powder, I'm dipping into reserve cash, and set one final bid at 4.20 for now. there are the targets at 4.40 yes. there is a Fib target around 4.50/4.65 area. This clearly did not hold at 4.95/5.00 so now, that Range Pattern Bottom at 4.95 is shattered today.
How high would a real bounce go now? a real bounce, might hit a wall of resistance at the 5.20/5.25 area
even at 5.10 now to start with. holding support at 5 dollars could climb another bounce to hit 5.25 area. From the peak reversal at 5.74 to a 1 dollar target at 4.75....the middle point would be 5.25
would we be looking at a "Bottom" around 4.74?
next stop? 4.75? I don't know.
I think we have to consider nibbling at these lows, but anticipating targets lower at 4.70/4.60/4.50/4.40/4.30 /4.20 they are all in play. I just looked at a Fib measurement that found 4.20 as a target zone to watch for. the old sideways sliding base from months ago was sliding along the 200ma at 4.30 area back then, if you recall. Its looking like its become in play now on the AVXL chart.
In the old chart pattern, which looks a bit shattered now, in the old chart, the 5 dollar zone was looking like a bottom area to hold. back then, we were watching the price holding along the 5.50-5.60 level. then that got broken, in this downwave. then we watched this 5 dollar zone get hit, and now it breaks down.
I remember you said something about this aree around the 4.90 price/volume area. there is little support below 4.90, to keep it from falling fast to 4.70? something like that? 4.65 is a target station on the Fib retrace. all that area around 4.55
30 cent moves AVXL is making. 5.38 to 5.08 area 5.07 to 4.80. how about 4.95 to 4.65 next . who knows
