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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
Yes it is
a reflection of what traders are doing with the price.
and 'traders' also (mostly) means computer trading systems.
Downwaves always look ugly
The rally peaked at 20.20, a 4 dollar wave. thats not bad. Traders did pretty well to take profit yesterday at 20 area. holders missed out on the profit game.
AVXL 2 good days in a row
AVXL
resistance at 19 and above
is the rally getting tired here?
what caused the horses death?
2 good bounces in a row
will we get a 3rd one ?
I see your 4/8/13 are turning up. as price hits the track pattern targets, 19 today.but congestion overhead now from 19.00 thru 19.40, a major target waits at 19.30 area, for a 3 dollar rally. to complete 7 subwaves on my chart. its made 5 now. could get tired out right here. so we might sense the strength or weakness showing tomorrow to hold support (18.40 area) and bounce another dollar to the target 19.30 area or some variations of the track pattern. and there are targets above 19.30 area... 19.50/19.60/70 and 19.80 before it reaches 20. The 20.00-20.20 area is also a major target but its already made a decent bounce from the 16.25. I think we're pushing our bullish luck here to expect too much more climbing without a pullback. so the battle zone here at 18.50,may be looking at a drop to 17.50 or a surge to 19.50. we might get a better sense of it tomorrow.
In the support zone I hope to see the 17.50-18.00 area hold comfortably. and looking upward, I'm cautious to see resistance capping around 19.40-19.80 in this wave.Are there signals of exhaustion yet for this bounce? and the downward action of last week was pretty strong in my view. erasing the whole rally and making a lower LOW, this bounce could be a bearish capping zone at 19.00-20.00 area. I dont want to be greedy here. Might trim some trading shares in one more bounce.
I bought some at the 16.30 bottom. I could trim a little.
The selling was strong last week as it broke down the rally wave. why wouldnt the sellers attack it again at 19.00-20 area. I think they will.
decent bounce so far
@ sab, I do see an Elliott wave
pattern in the latest downwave,I think we use a different counting method, but mine is looking like this 16.70 bottom could be the finished target. I would be disappointed not to see a decent bounce from here. The resistance zone targets I described are looking at the 19 area as a basic target zone. 20 and 21 would show more strength. The downward moves in the last 2 weeks were pretty disappointing to see. It erased the whole rally.
This color coded chart hopefully shows the idea I want to describe... that the rally we had, was reaching a Wave 3 target zone around 22 and 23 area ,and it needed to hold the 21 and 20 area as a Wave 4, to rally again in Wave 5 to target the 25/26 area . You can see how the Wave 4 zone completely broke down once the downwave made those big moves below 19. and the downward momentum took over and we're at the bottom zone again.
Now IF AVXL would manage to climb back up the steps, the first good target would be 18.10 for me. Then to hold support at 17.40. Lets see if we get that much to start with.
a colorful chart
a chart picture
AVXL
some thoughts...
IF we get a bounce from this 16.70 Low, I want to first see how high it climbs in the First subwave. The pullback will show where to mark the first wave peak. This needs to happen first, and then I can measure the projection for a finish target projection.
But before this first bounce finishes, the current picture shows where the Fib target zone is... and this is
worth noticing . first resistance area looks like the 18.40-18.60 area. then 19.00 is the central area target and the 50ma is around there (19.10 area) then the Fib target around 19.40, then 19.80 is a target , 20.00 and then 20.20 is a target area. It would be a strong rally that reaches 21.
This pivot at the 16.70 low is a major target. Lets watch and see if AVXL makes any decent bounce from here. nothing less than 2 dollars with an eye to hit the 50ma. around 19 dollars.
I like your thinking...
any real black swan events,in my view
would be more like the Evergrande realty bankruptcy, the 3 Gorges dam collapsing, and crashing Bitcoin with it. the theatrics of war escalation ,and maybe even the military declaring the election theft results showing Trump won, and then reinstating Trump... but the fake corona scam is not fooling as many people anymore. When Trump was president, early on, like late 2017 or early 2018, he took over the FED. moved it into the USTreasury. He also had executive orders to confiscate all corrupt money from the traffickers, and enemies of the state. So he effectively has ownership of the NYstock exchange. During all of his presidency, I felt that Trump team was in control of the stock market and would not allow it to crash. IF they make it crash now, it would have to be as part of the White hat plan. to catch the bad guys, and drain the swamp some more. Maybe we would see a quick flash crash followed by a strong rebound. I hope to catch that kind of falling knife. like the one they did in March 2020 during the initial covid scheme.
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I'm spending most of my study time trying to feel for the signals of the market crash, but the signals from different intel reporters are mixed. some say soon, some are saying next spring. I have some targets for the top in mind to trim some profit and have dry powder ready. maybe thats the best I can do is find my targets and stick with the basic plan.
The S+P held from last weeks Low and bounced strong today....through the caution zone around 4645 area.But its still in a resistance danger zone gere ,so the critical thing to watch now is the next pullback to test 4640-4630 area to Hold or Fail.
A retest of the top would be the basic rally target on my S+P chart. The bearish target for downwave would be looking at 4585 retest and then failure around 4600,and then stepping down into the 4500's
5 minute candles S+P 500
typo
That chart I did was the S+P not AVXL
thanks everyone for these nice charts. much to examine.
Heres my look at the S+P.
Basically watching for bounces into resistance and pullbacks to support. I'm feeling its in a neutral bias right now. the next bounce into resistance could be the critical one to watch. We've been listening to warnings of market collapse in October, didnt happen, and November, hasnt happened yet, so are we likely to see a market crash in the Xmas season? Usually we would see a Christmas rally.
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Just a basic picture of 50% fibs. from a top area of 4750 ,looking for a possible pullback finish at 4550, why not easy math, 200 points, right? and so we would have a 50% retrace around 4650 area, and thats where most of these Ichimoku cloud target lines are waiting now. So I like this charts look, and this 4650 area, would have 4600 as a critical support area to hold and set up the Xmas rally to retest the 4750 top and make people happy at 4800.
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IF we are watching the early stages of a great collapse, the current downwave is just getting started. But I would expect to see some kind of bounce to retest resistance and that could be the target zone 4600-4650 area... so Thats the key for me to watch here is the next bounce into a major resistance area like 4600, and watch out for black swan dangers maybe?
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AVXL daily chart
thanks for updating
This post looks Sticky worthy, imo
Interesting day today
Targets got hit in a good bounce and a half. Has a better chance now to reach target zone 19.90-20.00-20.30 area on the track pattern.
The opening spike to the high was strange looking anomaly,not a track pattern climb of steps, and immediately returned to the target step 18.35 area. and then the climb up and down steps technical trading began again. a retrace to hold at technical target zone 17.80 area,and then climbing steps so far to 19 dollars but the move looks like a rally,and has targets overhead waiting at 19.90/20.00/2025 area for resistance zone. a decent recovery from an oversold Bottom at 17.37
The technical math targets are very much in play and getting hit, however strangely it happens.
Targets are getting hit
Nice first post, growingpains
and welcome to the forum.
123tom
Yes, thats how I see it too
Here is the 1 minute chart
It is helpful as it shows the steps that got targeted along the way down.
1 minute candles
from 21.30 to 17.39
I just finished doing this complex chart for myself.
I'll share it with you.
Looking at the true top 21.30
Yes,I think 20 and 21 is possible but I also think this could be the highest target for this current pattern.
Step by step,climbing back up the same target steps, first 18.40 area, like the previous rally did (the one from 16.69 Bottom)
Major magnetic target zone I want to watch is 18.80-19.00 and then 19.30.
then 19.80 area. These are the Fib retrace targets in both directions. This extreme plunge to 17.39 was way overblown in one fell swoop. and now we get to watch how the reaction goes. in a shortened week as well.
20 dollars is one of the Fib targets in this picture. but it will take some climbing thru key resistance that will need close watching.It could get capped around 19.00-19.30 area
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But to avoid confusion and hostility,I want to add ... that I am not making a prediction...I made a road map to examine. a track pattern to watch , and see IF it plays out, to see IF the price runs along these tracks, in an Elliott Wave pattern, to Fibonacci targets. Thats all it is, a method of analysis. When the price climbs,I will watch where it stalls out. where it hits resistance and where it finds support, along the way, to Target areas. IF the day follows the track pattern I am anticipating, thats a good day for a chart architect. or a bus driver. It's not a prediction. It's a set of train tracks to watch.
I dont know if anyone can see this Fibonacci roadmap
but its a pretty complete construction.
My choice is to put it in the trash,or post it here
Fibonacci architecture
The essence of what this picture is saying to me.... the rally to 23.70 was overblown, and the true Fibonacci top was 21.30. From the 16.70 Bottom to 21.30 and the construction builds itself to look like this.
Major retrace bounce targets now on the Fib are looking to climb the steps back up which it came down, 18.40 area,like the old rally wave, a repeat of that wave pattern. target 18.80 area, 19.00-1930 area, especially magnetic is 19.30 and it could become a capping target. Above that is 19.80 pivot, and stretching to 20 dollars is a major capping target. 20.50 and finishing at 21.area. This Plunge in math terms should have held as a bottom zone around 18.40. the Fib was looking at 18.80 area as the 62% ,19.30 target ,and 19.80 target. The way it slammed down below these targets, all the way to 17.40, makes me have bias now, that erases the 23 top and makes the Fib top look like 21 area.
I remember watching the big rally climbing,and it just kept running up every day. That alone was abnormal for AVXL, and the real Fib target for capping, should have stalled around 21 area. 20/21 area, as I was watching it, then it continued to climb and surge to 23.70 peak. All that peak was overbought. I felt cautious about it. and was asking myself, why did it not finish and pull back at 21. Then when the pullback started from 23 area and fell to 19.80 and then climbed in a bear trap bounce ,hits 21.30 twice, and Fails there.
So this off beat chart is measuring the pattern from a Bottom at 16.70 to a finish top at 21.30.
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The Fib retrace now is showing the target zone 18.80-19.30-19.80 area. First wave rally target I'm looking for now is to see stalling /Capping at 18.40. like the previous First wave did, when it began at 16.70.
In that old Major Bottom zone (16.55-16.75 area) there is also a first wave resistance around 17.80 to watch for now. We might see some zig zagging around 17.70-18.10, but my rally First Wave target is 18.40 area.
Lets see what happens there.
I'm thinking AVXL might hold
at this pivot 17.00 area as well. 17.35
but it can be more painful if it doesnt.
I think we could have a double bottom and target the 200 at 17.05 but thats a guess.
Now big resistance at 18/18.30
at 19.00/19.30
19.80-20.00-20.20
at 20.50-20.80 and 21. I dont expect any higher rebound than 20 and 21 now.
nice 7 dollar rally evaporated
as so often happens
AVXL chart
AVXL
That Was a good call.
Well, the stock market
indexes did not crash. Some were down a little some up a little basically a flat day.
I was expecting another leg down for the wave pattern... to target 19 area. and extreme lows had the shoulder zone around 18.35 area,which held for a moment. But this plunge went to extremes to hit 17.35 area.
The major cycle Bottom zone is 16.50-16.75 area
Thats kinda clever...