AI
Friday, November 17, 2017 4:23:06 PM
Geometric IPIX chart....
yes, a decent day for IPIX. has a chance now to develop something from this. and its looking at 68 as a reverse shoulder zone of support. so maybe it doesn't "have to" stay above 70, technically can drop to 68/67 like its been doing and be ok. but it looks like a start again for the price pattern and some wiggle room now to develop a pullback to hold at support. even though that 70 (the 70's) seems like a psychological signal point... its not collapsing when it dips into the high 60's.
Fibonacci targets and Elliott wave geometry is looking at the same targets overhead in the 80's to become a real upwave. and repeat the old rally. Both IPIX and AVXL seem to be running along the same technical manipulation patterns. rinse and repeat, in a waiting for news cycle.
yes, a decent day for IPIX. has a chance now to develop something from this. and its looking at 68 as a reverse shoulder zone of support. so maybe it doesn't "have to" stay above 70, technically can drop to 68/67 like its been doing and be ok. but it looks like a start again for the price pattern and some wiggle room now to develop a pullback to hold at support. even though that 70 (the 70's) seems like a psychological signal point... its not collapsing when it dips into the high 60's.
Fibonacci targets and Elliott wave geometry is looking at the same targets overhead in the 80's to become a real upwave. and repeat the old rally. Both IPIX and AVXL seem to be running along the same technical manipulation patterns. rinse and repeat, in a waiting for news cycle.
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