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nice little follow thru bounce today
makes me feel upbeat, as it always does. now technically, I think its time to anticipate the standard pullback from this 12.90 peak , will the steps hold around 12.20-12,40 area? I would doubt it. but the technical pattern potential is there. and the math target might be looking to retest the 13.30-13.40 area. and see if the wave pattern can find any traction this time, where it failed last time. Not much else to report.
The S+P made a nice follow thru bounce today, and suddenly looks like its not collapsing now. we shall see.
AVXL is playing around the lines 11/12/13 these days.
the basic picture would be watching to see if 12 holds as a key support line.area.
I believe in the science.
but I also see how the price waves go way up and way down.
My own chart focus has always been swing patterns,so these are the big waves we watch over months to play out. Now this downwave that started when price peaked at the 23 area... is all just watching the math logic and the patterns play out.
The previous 'support zone' we watched holding around 16.50 area rallied up nice to 23.the logic pattern watch needed to see the 18/19/20 area hold support.It ultimately faled at 18 and that propelled the latest downwave to bust down below 16.50. Thats when I drew the ugly black target box that covered a zone from 16.50 to 10 dollars.
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down and down it tumbles in this playing field. and then after plunging to 11.10 the other day.... it began a 2 dollar rally. peaking at 13.40
So now ,once again, the swing chart analyst, any technical analyst, says ....Oh,Goodie, we have something to examine now. My own lens measures the pullback zone to watch for, and see if it holds support and see if theres any bullish follow through that might suggest, the Bottom could be in at the 11 target low.
In a 2 dollar rally wave, math is simple,you can do it in your head ok, I'm looking for 'support' to hold the 12 dollar area. maybe 11.80 area, ideally above 12, more like 12.20 would have been bullish looking.
What we watched was a selling cascade that plunged well below the first targets around 12.50/60,plunged right to 12.20. bounced there to fail at 12.70 area and down it tumbles. plunging below 12 and looking at retest the 11 dollar target all over again. This demonstrated no bullish strength, after making a 2 dollar bounce from a deep low bottom area.
The conclusive word for this action in my view is UGLY.
Ugly price collapse.and it could continue down to target 10 . why wouldnt it.
below 10 is 9/8 and then the 6.50 area.
As I forecasted and warned upon deaf and dismissive ears a few months ago, the black swan warnings of stock market collapse, etc and political dangers triggering economic trouble, it has been unfolding , and AVXL has collapsed without letting up so far. Once it broke below the 16.50 'support' all the selling was there for the taking.
The professional skill to exercise now is not to panic, just stay calm, watch the internet news for more market collapse, and black swan troubles coming. This is just the beginning. The time to raise cash dry powder,trim some profit, sell some stocks, was last november.too late now. wait for the absolute bottom where AVXL starts buying again, and buy some more at the bottomest bottom. Do you think it might be 11? 10? 8? 6? I dont know where it might become yet.
yes it was
all day the buyers displayed bouncing strength and each time, the selling bots took it down again. the final selling collapse was like a knockdown blow surging thru any imaginary support and with a kick in the nuts for good measure
well said, 'oldnintheway'
K123, what do you make of
this big downwave? Is it reaching our target zone yet?
From the top at 20.20/20.30 we have seen every dollar down target hit stations at 19.30/18.20/30 17.20 area/16.20 (the latest peak) then 15.20/14.20
will we see 13.20 next.
downwaves roll over just like this
Do you have a time frame for
when the Avatar data could come out ?
and one more chart
retrace resistance targets
AVXL rally set up may be in a race against the market pressures
Another week finishes . The S+P peaked and began a pullback. AVXL has been in a downwave pattern for months. searching for its Bottom. developing.
14.80 target so far
Ive learned to never say the bottom is in
when it comes to how wall street tosses AVXL around like a rag doll.
14.75 does look like a good low target area. but you just never know.
IF we see a stock market crash, where will AVXL fall to. 8 dollars? 6 dollars? hard to know.
Have a lot of dry powder ready .
its becoming a set up
where there is a convergence between the science presentations/news cycle and the chart price action patterns. I also like to see these kind of set ups. when they dovetail in timing like this, there isnt much of a better set up to watch for. and the rally may start now, like today appears, if it continues up into the news timing,we can anticipate this upward direction to continue here,BUT watch out if the news fails to come when expected.
we watched a 6 dollar downwave from 21.25 to 14.75.
somewhere in between are some key targets to watch for resistance capping.
Thats your opinion.
good luck to you
not too many intel insiders out there at all. but there are some worth paying attention to. Did you know the world is in a global war? do you know who the good guys and bad guys are?
Go avxl. Let's hope it holds somewhere in the 15's and makes a good bounce back up,and before the market crashes.
dis is nonsense
watch the price action. find the targets.
nibble
just help me find the targets in the 15's now...
AVXL nonsense
take the time to Examine the pivot target points all along the 16's going down. Remember the points in your mind. They represent the targets that got hit and future steps as well. see how close your forecast came, in these steps as they went down. That shows you how sharp (or not) your chart mapping was/is.
yes, the timing of the current downwave
is disappointing. we had a chance to trim some at 19.80 and that was it so far.
Black swans
can be different triggers. Just watch out now. I am being sincere in my warnings. There isnt much we can do about it other than have dry powder ready to buy the crash bottoms if we are lucky and skillful.
The political clues are pointing at these next 2 weeks.
I like to follow 'whiplash347' on telegram. he seems like an insider.
AVXL is following along technical tracks these days. targets in the 15's now.
and a warm happy holiday to you too,my anavexxed friend
not good,I agree
Price is suffering the downward pressure.
Under normal market circumstances I might have bought a little here at 16 and anything lower, but these days I fear the black swan events looming on the near horizon. The S+P is still hanging in there at the top but Evergrande is ready to blow up markets as well as the bitcoin/3 Gorges dam. Many black swans waiting. Queen death,as well.
Like so many of us here
I want to thank you for the immeasurable service you've given to us, a great gift that makes this a great forum. Without your vision I would be so much more blind.
Happy holiday to you and your family and best of fortune and wellness in the new year.
And to everyone here as well.
Tom
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Maybe Missling should just stop
trying to tell people what they want to hear. and try more to explain the way they analyze the data so that people wont get their hopes and expectations up for specific times .
Isnt the analysis working on completely different science paradigms and specific markers? an evolving science process? it's dynamic...changing, developing. Its precision medicine. Its fascinating new insights every cycle.
AVXL ends the year with a
week going up and a week right back down .
Waiting on the next news cycle to begin a new cycle... or to maintain the current cycle.
It should be interesting to see what happens.
Safe to say the days of prices at 2-4 dollars are gone. Are the days of 10-12 dollars gone as well? we'll have to watch and see.
End of year/17.35 support step chart
I Wonder.... if people will sell stronger in the next week if their disappointed hopes from news 'promises' that went unfulfilled, makes them sell. The expectations of news that didnt come? some might sell. It wont bother longs who believe, but maybe some who dont understand the development process is a different paradigm to be patient with,a new time frame to be more patient with.its more complex than the past markers .
Its been a great blessing to have the outstanding science analysts here who do understand.
Red, I agree with most of what you said. except I do think charts are always worth examining. on all time frames and they do offer clues for trade triggers and targets for algo math trading systems which is how wall street trades move now.
I still find my chart methods help me 'see the targets'
Happy Holiday and Good luck to everyone in the new year.
Difficult chart to examine
The last 2 and a half months have been a volatile zig zag up and down from the 16's to the 22/23 area. and feels almost impossible to pinpoint much about it that would offer tradable clues. So I havent had much to post about these days. The bullish looking rallies have all broken down. the sellers have jumped on the top zone with a force every time and taken it down to the bottom zone. a choppy Range pattern is the only thing I could call it.
and not much else to say. No news/no uptrend/no bullish momentum sustained. Maybe the solid developing science is what has kept the bottom zone holding above 16. Will that floor continue to hold? who knows.
Traders with basic trust in trading the Range would have done well buying the low zone and selling the 19/20/21 top area and not worrying about the enormous potential of the future. I did a little trading but not enough to make a difference.
AVXL traded a Range for a long time from 2 to 6 and 2 to 4, and then it traded a range from 10/11 to 15/16 for a while and now from 16 to 22.
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AVXL Range
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Seems ok so far.
I'm almost happy for you
as we watch the share price puke into the bottom zone again.
I'm in a small position
In DSGT. I don't know if it would be a good one.
Bought at 18 cents
I hope not just yet.
I need to have one more bounce for avxl.
Ive been seeing all these warnings from the Intel reporters for 2 months. We need to watch for the signs coming. Death of the queen.3 Gorges dam and bitcoin collapse. And war escalation.
I havent taken the time to learn and practice the day trading of the etf's like C has done. he's a good one to get some tips from. I am interested in some trading and then when I look for some,I just end up thinking that AVXL is probably as good to trade as any.
We've had some focus on Workhorse last year at this forum. Are you thinking of it as a trade or a long term hold?
My trade target for today was 19. So I took a little profit there.
Happy holidays to you as well
Tricky price gyrations these days,it seems.
I want to see an uptrending pattern but it keeps making lower pivots looking downward...and then it bounces higher than the average target, like today. In big swings,2 dollars up and then downagain. I'm not seeing any direction pattern yet, other than what might be a range pattern, from 16.50 to 20.50. IF it was showing us an upward pattern, I could say,ok, its mak8ng higher highs and higher lows and I'm looking for support to hold around 18.30 -18.00 area. But for the last 2 or 3 waves up and down the bullish support steps got crushed down. That's what a range pattern does. Right now,the technical support zone is that 18.20 area. But sellers could push and plunge it down to 17 again for all we know. We're in the same cycle now as we were a month ago, and those support steps from 18.50 to 18 got badly shattered .they could get smashed again. I don't think its possible to forecast the support target that will be the next major pivot low. It could be 18.it could be 17. 17.50. 16.50
And the pressure top looks to me like 21.50 maybe 22. But if great news is released we could see 25 and 30 pretty quick.
I'm watching the price action on the 1 minute chart this morning.
it just jumped 18 cents in the last minute.
Lots of intel and insights on telegram forums.
https://t.me/Whiplash347/66004
I'm glad we have a similar dementia
Have a look at the S + P for fun.
S+P 500
AVXL, that 20ma/50ma
looks like resistance to watch around 19.25 area.
Are you watching out for global black swan news these days? Evergrande collapse? china market shakey. ripple effect possible.
I hope you are watching out for
black swan triggers, like I warned over the last several weeks.
They are starting to happen and the storm impact will be coming. This week could be decisive .Be on high alert ,people, this week.
Watch the ripple effects from the Evergrande default. China markets triggering all markets. Bitcoin collapse,
3 Gorges dam above it, to collapse. Thats a big trigger. Watch for signs of war events and escalation. Announcement of Queen's death. black swans. have dry powder ready to buy the Crash Bottoms. just like people did in march 2009. and march 2020 flash crash.
I saw the cup and handle.
Worrisome black swan type events
are happening in the world.
Ive been warning about this one for a few months since the Intel insiders have alerted us to it. Also the 3 Gorges dam to collapse, Bitcoin to collapse. The Queen's death to be announced. stock market to crash ? internet takedown? 10 days of darkness?
https://www.express.co.uk/finance/city/1533944/global-economy-evergrande-defaults-debt-chinese-real-estate-companies
AVXL downwave
will it hold at the Fib support zone? and look like an upwave pattern to end the week? or will it fall to the bottom zone and look like a big Range Pattern.
big zig zags
My road map from 2 weeks ago was a good track pattern to watch.
Price climbed to the 20 dollar target area and finished.
AVXL finished at 20.20 target