Friday, November 17, 2017 3:52:09 PM
...and AVXL dealing with the same ...
pattern and targets that it has repeated in recent weeks.
Ending the week now, of course in a triangle middle zone (4.10 area, making it uncertain which direction will the MM's take the next movement. but the targets are clear for the rinse and repeat game.
Staying capped at 4.20-4.30 resistance could propel AVXL back down to retest 3.80/3.85 again....or else a support holding now at 4.00-4.05 could propel a rally to the 4.50 target zone. The resistance at 4.20-4.30 area is key to watch now, as is the support at 4.00-4.10 area.
It looks like totally technical price action, kept controlled in a tight box. 20 cents either side of 4 dollars.
But the greater target zones are 4.60-4.80 for a small rally and 3.60-3.80 for a small downwave,in my view of the math picture.
pattern and targets that it has repeated in recent weeks.
Ending the week now, of course in a triangle middle zone (4.10 area, making it uncertain which direction will the MM's take the next movement. but the targets are clear for the rinse and repeat game.
Staying capped at 4.20-4.30 resistance could propel AVXL back down to retest 3.80/3.85 again....or else a support holding now at 4.00-4.05 could propel a rally to the 4.50 target zone. The resistance at 4.20-4.30 area is key to watch now, as is the support at 4.00-4.10 area.
It looks like totally technical price action, kept controlled in a tight box. 20 cents either side of 4 dollars.
But the greater target zones are 4.60-4.80 for a small rally and 3.60-3.80 for a small downwave,in my view of the math picture.
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