Saturday, November 11, 2017 7:53:51 PM
some afterthoughts about AVXL chart....
Ive been studying the chart all day. the current cycle of technical manipulation to suppress the price for the last year, has it bouncing up and down from 3.00 area to 6.50 area and back down again....this looks to me like a Wave 1 up,Wave 2 back down, and a repeat of Wave 1 up and Wave 2 down, like false starts. the breakout into a wave 3 is what was happening in the surge to 8 dollars but that was only a partial station of the real wave 3 target which would have been 10-11 area, followed by a shallow wave 4 and then the Wave 5 target zone 13-14.84.
Instead we got a stifling of the wave 3,truncated at 8.30 and then slammed all the way back down to the Wave 2 bottom zone. Then we get another Wave 1 to 6.60/6.49/6.27 peak ,and now we get another Wave 2 back down to 3.33
This is a suppression pattern, that has repeated the Wave 1 and Wave 2.... 3 times so far. Whatever kind of Big News of major breakthroughs, and FDA approval or partnership, something big that will finally generate the big Wave 3 rally, has the target zone around 9 and 10 and 11 dollars,as a finished Wave 3, with the Wave 5 target at 13 and 14 dollars (12.40-13.40 -14.40 area.)
A major surging Upwave,waiting to begin. It could happen at any time in this current pattern.
The fine details of the technical price action,intraday, stuck in a suppression box around 4 dollars currently, what has rallied to 5 and gets hammered back to 4, is a technical small resistance box, that is waiting to break out of it. and IF it does break into a big rally wave, it should be one that has these major targets at 8/9//10 and 11 dollars,before it settles down a little, around 10, and then rallies again to target 13-15 area. The giant surge to 14.84 was a road map to remember, but it happened way too fast and too soon. Time is catching up now on the chart pattern, and the next big rally should become the Wave 3 rally . and a new cycle that fulfills the potential shown by the pumped up rally to 14.84. When it comes upon some really big news, it should become a real rally this time, that does not collapse back down to the 3 or 4 dollar zone. After that big rally to 13 area it should hold the support zone around 7 or 8 dollars.
Looks like wishful chart dreaming right now, but the next Rally as Wave 3, should be a big rally that does target the 10/11 dollar area.
There are many technical tracks that could play out in a more stifled rally...and lower targets around 8 or 9 or 10 dollars could be another Capping zone. but for now, this bottom fishing accumulation zone around 4 dollars,wont keep doing this forever. Its a technical MM price manipulation capping and suppression these days. almost putting everyone to sleep. I woke up when I started examining the big picture long term chart. Its a good place to buy shares between 3 and 4 dollars...but I want to remember the Wave pattern is waiting for a big Wave 3 rally. and that target zone in Fibonacci math is around 9.20-110.20-11.20 area.
and a completed Wave 5 rally would have targets around 12-15 dollars.
All we need is to see some really Big news in the developing cycle. and no more MM manipulation .
Ive been studying the chart all day. the current cycle of technical manipulation to suppress the price for the last year, has it bouncing up and down from 3.00 area to 6.50 area and back down again....this looks to me like a Wave 1 up,Wave 2 back down, and a repeat of Wave 1 up and Wave 2 down, like false starts. the breakout into a wave 3 is what was happening in the surge to 8 dollars but that was only a partial station of the real wave 3 target which would have been 10-11 area, followed by a shallow wave 4 and then the Wave 5 target zone 13-14.84.
Instead we got a stifling of the wave 3,truncated at 8.30 and then slammed all the way back down to the Wave 2 bottom zone. Then we get another Wave 1 to 6.60/6.49/6.27 peak ,and now we get another Wave 2 back down to 3.33
This is a suppression pattern, that has repeated the Wave 1 and Wave 2.... 3 times so far. Whatever kind of Big News of major breakthroughs, and FDA approval or partnership, something big that will finally generate the big Wave 3 rally, has the target zone around 9 and 10 and 11 dollars,as a finished Wave 3, with the Wave 5 target at 13 and 14 dollars (12.40-13.40 -14.40 area.)
A major surging Upwave,waiting to begin. It could happen at any time in this current pattern.
The fine details of the technical price action,intraday, stuck in a suppression box around 4 dollars currently, what has rallied to 5 and gets hammered back to 4, is a technical small resistance box, that is waiting to break out of it. and IF it does break into a big rally wave, it should be one that has these major targets at 8/9//10 and 11 dollars,before it settles down a little, around 10, and then rallies again to target 13-15 area. The giant surge to 14.84 was a road map to remember, but it happened way too fast and too soon. Time is catching up now on the chart pattern, and the next big rally should become the Wave 3 rally . and a new cycle that fulfills the potential shown by the pumped up rally to 14.84. When it comes upon some really big news, it should become a real rally this time, that does not collapse back down to the 3 or 4 dollar zone. After that big rally to 13 area it should hold the support zone around 7 or 8 dollars.
Looks like wishful chart dreaming right now, but the next Rally as Wave 3, should be a big rally that does target the 10/11 dollar area.
There are many technical tracks that could play out in a more stifled rally...and lower targets around 8 or 9 or 10 dollars could be another Capping zone. but for now, this bottom fishing accumulation zone around 4 dollars,wont keep doing this forever. Its a technical MM price manipulation capping and suppression these days. almost putting everyone to sleep. I woke up when I started examining the big picture long term chart. Its a good place to buy shares between 3 and 4 dollars...but I want to remember the Wave pattern is waiting for a big Wave 3 rally. and that target zone in Fibonacci math is around 9.20-110.20-11.20 area.
and a completed Wave 5 rally would have targets around 12-15 dollars.
All we need is to see some really Big news in the developing cycle. and no more MM manipulation .
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