Saturday, November 11, 2017 4:23:29 PM
AVXL Upwave study continued....
ok, so with a projected finished rally target zone around 4 dollars...where did the price go next,....from the "wave 2 retrace that held support around 1 dollar (1.08) and rallied strong...where did it go... as the Elliott "Wave 3", I'm looking for the 3 dollar zone to station there, (2.70-3.10 area) and then see the "wave 5" to target 4 dollars area.
It did reach the 3 dollar area,and then rallied to peak at 3.80,as a finished "wave 3" but quickly rallied into wave 5 of a larger cycle pattern, and targeted the 6 dollar target zone. stretching to 6.65 before it paused and retraced. Very volatile at this time of the Nasdaq uplisting.
The 4 dollar target zone was barely dry,and then the rush to a wave 5 completion around 6.20-5.80 (6.00 area) represents a Finished rally target. and a 50 % Fib retrace would target the 3.20-3.40-3.60 area as a magnetic pullback target zone....and guess what, this is why that target 3.30 was reached when the giant collapse fell to finally stop at that zone and several times it collapsed down to the 3.30 area. It was the target zone all along. as is the 2.75 in the greater chart picture....AND, this segment of the first rally from 60 cents to 6.60 as a completion wave, suggests that the 6 dollar zone is the maximum target for the early stage cycle of AVXL. not 8 dollars,or 10 . it should be Ranging between 6 dollars and 3.30...like's been doing the last year or so. Putting this perspective on the picture,makes it easier to understand how the price can collapse from Any height, overblown to 8 or 10 or 14 dollars, WAY TOO SOON, while the magnetic math had the 3 dollar zone as the correct retrace target area....and so it falls to that zone,and continues to have that magnetic target area as a true bottom. The 2.76 pivot low was a true Bottom target. and now we are looking in 2017 at the weekly 200ma around 3.50, right where it should be , as a Bottom zone target. The top zone for this cycle is the 6.00-6.60 area. This doesn't mean that we cant see more outrageous surging rallies,but the current cycle is still playing along the 3.00-4.00-5.00-6.00 range.
ok, so with a projected finished rally target zone around 4 dollars...where did the price go next,....from the "wave 2 retrace that held support around 1 dollar (1.08) and rallied strong...where did it go... as the Elliott "Wave 3", I'm looking for the 3 dollar zone to station there, (2.70-3.10 area) and then see the "wave 5" to target 4 dollars area.
It did reach the 3 dollar area,and then rallied to peak at 3.80,as a finished "wave 3" but quickly rallied into wave 5 of a larger cycle pattern, and targeted the 6 dollar target zone. stretching to 6.65 before it paused and retraced. Very volatile at this time of the Nasdaq uplisting.
The 4 dollar target zone was barely dry,and then the rush to a wave 5 completion around 6.20-5.80 (6.00 area) represents a Finished rally target. and a 50 % Fib retrace would target the 3.20-3.40-3.60 area as a magnetic pullback target zone....and guess what, this is why that target 3.30 was reached when the giant collapse fell to finally stop at that zone and several times it collapsed down to the 3.30 area. It was the target zone all along. as is the 2.75 in the greater chart picture....AND, this segment of the first rally from 60 cents to 6.60 as a completion wave, suggests that the 6 dollar zone is the maximum target for the early stage cycle of AVXL. not 8 dollars,or 10 . it should be Ranging between 6 dollars and 3.30...like's been doing the last year or so. Putting this perspective on the picture,makes it easier to understand how the price can collapse from Any height, overblown to 8 or 10 or 14 dollars, WAY TOO SOON, while the magnetic math had the 3 dollar zone as the correct retrace target area....and so it falls to that zone,and continues to have that magnetic target area as a true bottom. The 2.76 pivot low was a true Bottom target. and now we are looking in 2017 at the weekly 200ma around 3.50, right where it should be , as a Bottom zone target. The top zone for this cycle is the 6.00-6.60 area. This doesn't mean that we cant see more outrageous surging rallies,but the current cycle is still playing along the 3.00-4.00-5.00-6.00 range.
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