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Mike...Siri gave me this
to show you.
Looks like a bunch a nonsense to me.
bouncing from the 39 bottom
123tom: "Siri, is SAVA's bounce a dead cat bounce?"
Siri: " Follow 123tom's technical track patterns,he's
the best."
"Siri...is AVXL a POS stock?"
"Asking for a bunch of 'friends'..."
Watch the market indexes closely this week.
Intel insiders have been warning of a collapse. alongside the 3 Gorges dam flooding in china, bitcoin collapse, and war events.
The S+P 500 has bounced back up well, from its plunge a week ago but needs follow through to retest the top. 4500 is a critical target of resistance,as is 4480/4460 . watch the support to hold or fail down at 4420/4400/4380/4360 and critical support at 4350/4340 area must hold. 4400 and 4380 are the most key support targets in my view.
S+P500
I know...
I'm tired of having to draw it . (lol)
lets see if support holds and we have an up day. trying to break out above the 19.50 resistance.get into the 20's
Set up for the coming week.
Sitting poised at a triangle terminal ready to make the next move.
two track patterns
lol, good one
One reason why math is such an interesting language, you can just look at number patterns and get clues.
Look at these numbers, and then go look at a big 4 year AVXL chart and see how this number pattern fits on the chart picture.
2/4/8/16/32
will it continue to 64/128/256 ?
Heres the latest pattern
21.50/20.50/19.50/18.50/17.50/16.50
will it continue to 15.50/14.50/13.50 ?
AVXL daily picture
what it looks like to me
Daily chart in a range pattern
From a peak around 20.50 target came a downwave pullback to a new low at 16.50 target. a bounce from this new bottom at 16.50 has reached close to the 19.50 target area.as a wave 3 target but The bullish math rally pattern is looking for a target higher around 19.70 area to complete the math pattern.
So far in this rally pattern I'm seeing 3 waves in the Elliott pattern finished,and the wave 4 may be playing along sideways,watching for it next week, and I dont want to see it fall below 18.50 area. The finishing wave 5 with a target zone 19.65-20.00 area is waiting for the next good bounce ...IF the full rally is the stronger direction here.
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The bearish picture looks like this to me.
From the old wave peak at the 20.60 target,the downwave
finished at the 16.50 target. In a bearish downwave trend, its a standard vision to anticipate an ABC Elliott wave pattern that only reaches the 18.00-18.50-19.00 resistance zone.Fib target zone,with 18,50 area as the 50% retrace.
The feeling of bearish/bullish sentiment watching the price action starts to develop around the price action. So the other day when the price surged up fom 17.60 to 19.30 area, it was a bullish move, pushing thru the Fib resistance and reaching the Wave 3 target area for the Bullish pattern.And as a result, the retrace plunge back to retest the 18.50, finds the 18.50 step changed from resistance to support. (for now)so one one level, its still a bullish picture for this bounce and for the support holding.
At the same time, the bearish picture has a pattern still intact,on the larger swing pattern, the peak at 20,60 made the downwave to a lower low at 16.50 and the rallys have made lower highs (so far). And here at the capping of 19.40 resistance continues that downward look. The next few waves are important to watch ,may be deciding the direction. The extreme edges of the chart I'm watching are from 23.50 to 13.50
A good news rally has targets above 23.
The bearish downwave, still just a pullback from the 31 and 28 tops. finish targets in a no news cycle, have 50% haircut targets at 14 and 15.75.
So far, buying the 16.50 low and the 17.50 area was a good choice. but as a trader also good was the profit to take at the 19.35 capping.
The Range picture is still ongoing so far, from 16.50 to 20.50.
The learning process takes time and effort.
Theres no way around it ,but wait, there is one way around it...we can rely on experts whose knowledge and integrity we trust.
People can disagree about some details that theyre studying. Some people get emotional when they shouldnt. Excessive emotional reactions in trading, or in analysis is a flaw in the knowledge process,a flaw in the trading and investing mind.Every good professional will agree with this. The computer trading systems dont use emotion. They use math,and maybe sophisticated programs also look at the financial data,key fundamental trading data,that become timing markers,things like earnings reports, end of quarter timing, trial study dates.There is a lot of data that investors look at.some traders study all that. and some dont look at everything, but study the charts in greater detail, believing that all the data and events are baked into the price action.
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There are some good teachers out there.but much of the time I would just study on my own,analyzing charts.and developing my own style and method.There are good traders who use different TA tools and they do well with what they understand. Its developing a craft.
In any case, when an expert,like yourself, understands the science and shares it effectively with people, its a godsend for people like me who dont understand it well.
AVXL chart
As another week finishes, AVXL still sits in the middle of a muddle, waiting to break out of this Range zone. made a good rally move the other day but gets capped at a resistance target area (19.40), and begins a pullback wave ,and finishes the week in a neutral area. Having made a steady dive down to support step at 18.50 and bouncing there to cap at 19.35 area, now sits waiting for next week. Unresolved is the current pattern, in a Range from 16.50 to 20.50/16.50 to 19.50/17.50 to 19.50/
A good chart analyst could study a chart for several hours. and be able to see and remember virtually everything.
For a long time now, my only purpose using TA charting
has been to try and find the best bottom bargains to buy shares. and the resistance tops to sell a few Trading shares.
It's the same reason why I don't
Try to study the science like you do. Because in order to have the skills to apply the knowledge successfully, one would have to study intensively for at least 5 years,or longer. Just to get up to speed high school or college level, a few years.
Your explanation of why you don't day trade was perfectly rational. But as i see it,was only about 1/3 of a more complete understanding. If you had studied TA chart analysis, trading analysis, and spent 7 years practicing, you would have been able to complete the description of Trading.
And you would no doubt have the same high level of expertise as you do about the science. And you would be an AVXL Monster.
two basic target zones
from the past rally wave
that surged to 31
along the way it made a support zone from 22 to 17 (blue)
and prior to that when the rally was starting from a zone 10/11 to 17 16 fell to a pivot low at 14. there were some steps around 15 that can be targets.
and the 50% haircuts from the 31 and 28 peaks are at 14-15.50 area. These are targets waiting in my view. and a market crash would find crash targets way lower.
Bigger picture AVXL
nicely said...
Both SAVA and AVXL have been
falling to try and find a finished bottom .
SAVA collapsed badly from 142 to the recent low at 39. A few weeks ago it was trying to settle down around 50 and then dropped to the 40 bottom. It has a long way to climb just to retrace the basic Fib target zone 70-80-90 area. It might be starting to make that effort now. so I dont see this 9% SAVA bounce as a strong sign that AVXL is weak by comparison. SAVA might be a nice dead cat trade for a double, 40 to 80 and get out. SAVA failed didnt it. the collapse was a result of failure. AVXL has had only success, so buying the finished AVXL bottom is what I'm looking for. I dont know if 16.55 will be the lowest bottom. The support zone here is 16.50-16.30-16.00-and down into the 15's and 14's. and IF we ever do see a market collapse we might see a plunge to the 10 /9/8 target area.
I think for investment decision safety is important now with the possibility of market crash. trimming some at the tops , raising cash to buy the collapse bottoms when it happens.
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But for right now, AVXL is volatile again zig zagging 1 dollar up and down. unchanged for direction in my view. The same support zone needs to hold (17.00-17.40) area. so far its spanning a range from peak to Bottom zones.
AVXL zig zagging
SAVA bottom at 40 ?
Monday opens the week looking ugly
in the S+P as well as AVXL.
Could we be seeing the beginning of a greater market collapse ?
Thanks lajolla1
for your kind words.
I know my charts have gotten more strange/unorthodox in recent years, but I feel Ive developed a vision for what I can see with it. Its harder for others to see unless they study the way the Fibonacci math plays out.
Astrology is interesting as well, very mathematical and presents a language based on patterns and symbolic human energies.I could believe there is something to it because for thousands of years including the present, presidents and kings have been following it.
What Ive learned to do in studying price action patterns is always to see the patterns that develop In Both directions,simultaneously.Regrdless of the current direction, I want to see the downward and the upward track patterns.
It would be great whenever we do get good news that surges the price up. but lately we have been suffering the typical downward bleed that gets done to AVXL after rallys, and news dries up.
On the chart now is nothing but resistance areas from 17.65 to 20.65
19 is a big balance line and I'm waiting to see what energy plays out around 18 as resistance .
Watch the pivot point resistance at 18.00/18.10/18.15/18.30/18.50/18.65 area.
and support area at 17.40-30-20-10-and 17.00
Watch the S+P
when it tries to retest 4500 area resistance shoulder danger there (4475-4500)
and the other direction
upward to 22 target area
IF the rally pushes up to 18.60 area (18.30-18.70) and holds any pullback at the 17.25-17.50 area...
The upward direction on no news
technical price action... if they want to push it to the upward Range target area.
Two directions
This one is the downward direction.
IF the technical bleeding game continues, upon no news. the downwave may not be finished yet.
and the bearish picture looks like this to me.
Looking at a climb into resistance in the 18.00-18.25-18.50-18.65 area to fail and begin the next downwave in the cycle.
The downwave picture IF...
AN end of week climb
was it just a manufactured push? was it news generated?
Climbing the steps into resistance overhead. Basic retrace now from 17.80 if it starts downward from here, will be watching for the 17.40/17.30/17.20 area to hold support. AVXL did a 1 dollar rally wave today.
17.75 area was a big math target.
AVXL
a nice looking bowl shape .18 is a key target zone and
small 10 cent resistance steps from there to 18.70
Not bullish so far
I'm almost as peeved as you are.
You know when a big surge happens like avxl got fast to 31.50 , its not uncommon to see the retrace fall back 50 % or more even. It didn't seem so likely several weeks ago when there was bullish energy and support steps at 20 to watch for. Now we're watching the bottom of that support zone struggling to hold 17.
The 50% haircut targets from the glorious tops are at 15.75 and 14. Waiting.
No strong bounce from this
Low at 16.65-16.75 target
It looks like a zig zag elliott wave 4, which suggests another leg down as wave 5 to finish a bottoming.
The rally pattern should be looking more like this chart ...with a good bounce to the 17.75-17.95 area, testing 18, and then another follow thru to target the 18.30-18.50 area.
Dude, wheres my rally
and this "Bottom" at 16.60 area is a fair target to anticipate some bullish reaction, but so far, not much rally strength shown yet.
market crash projection for AVXL
IF the market crashes soon, where will AVXL price go. This is my math picture for the technical plunge and bounce. Its a total guess, but the construction is correctly designed to math targets.
Could this happen chart
Bounced yesterday and today
from the 16.70 target to the 17.35 resistance, zig zag battle ongoing. Predictable where the resistance was and ok to see 'support' step "holding" so far. but the zig zag pattern is not any strong bounce off what could be a decent bottom...so the bias in my view is still looking downward. The major support shoulder zone in the big picture is the 16.60-16.00 area and if that doesnt hold, we could be looking at 15.50 to 13.50 area. But also, the global financial and political climate is very shakey now, and wars, market collapse,global flooding crisis, china crisis, could take market down, Its a time to watch carefully for danger in the market, economies, food supply, political chaos, etc... this week and next. Be ready for calamity .I'm not a doom sayer just watching what experts are reporting. The 3 Gorges dam is weak and bitcoin is falling down. warning signs.
IF we get a market crash...what will AVXL price do.... will we see falling knife bargains at 10 and 8 dollars? or 6 dollars?
Looking at a daily chart now, you can see the 200 ma coming into view.
I might guess that too
the USD and also Gold and Silver.
I've thought about this issue
over the years, and it does seem that AVXL share price can easily be manipulated down. we see it happen all the time. and also at times when good news is released. We easily see what the wall street players like Adam Feuerstein do as representatives of the corrupt system.
We see how the FDA approves big pharma drugs, that hardly work.Its a big club, and little disruptor Anavex is not in the club.
So its become my bias to anticipate the downward retraces could get taken lower than one would expect.
So far the major retrace low is 10 dollars. and above that it has currently been 17 dollar area.
These days,I'm watching out for the danger signs and clues of a stock market crash, and would we be able to see where the crash plunge Bottom targets might be for AVXL to buy more shares.
exactly my plan as well
and ...I should have to be up at the computer at 6 30 am to see the day begin. yuck.
Looking to add metals on a bigger dip, but dont know if we'll get one. its showing some resilience these days.
AVXL has some nearby target lows that could hold support, but all the investments could plunge in a black swan. so I have no stink bids in place. just watching and waiting. dont want to buy too soon. Insiders are saying to watch the 3 Gorges dam collapsing as a big clue. as well as some big war events.or election recall events, some trigger, bitcoin collapse ? something to trigger.and the S+P looks set up for the kiss of death at 4500 resistance
S+P 500
yes, me too
trading shares. 18 seems ok, 17.50. ok, but I also worry about a black swan event coming.
Interesting.
18 is a key target area for sure.
Are they trying to time the bleed down with impending (good) news?
MC Escher
such interesting art work.
AVXL bleeding down as it bounces and rolls over and bleeds downward. What do you think? Is it just doing this until news comes? Are you sensing any danger for black swan market collapse coming? I feel like this may be a time to watch carefully.
AVXL tests the 18 target (18.05)
and now...resistance at 18.50/40/30/20
watching the next bounce , bias feels downward to me. to test the 17.50 target area.
yes, and at this point
its also about money management in the investment account. IF one has a good core holding way down around 2 dollars thats a good core. but now, with prices at 18,17 even 15, a fully invested person, needs to be careful how much more to spend on the investment. and buying just a few hundred shares at this price just adds more money, and not small amounts either.
Like picking cherries to top off the bushel.
But if we were to see a market collapse, temporary, we could have a great chance to buy good bargains. so I hesitate to add more here, even if 18 is ok. 17.50 isnt much different, ... just thinking out loud. cautious to consider a black swan moment coming.
Bas,do you think there's
a chance we could see one more big target hit around 17.50 again? The odds feel downward still to me... before the bottom target is reached. the selling game has pushed it down this far pretty easily so far.
so true, Vango
So today went down some more. retesting the 18 area. I think its looking to the 17.50 bottom next. but I could be wrong.
The flow has been downward at every key inflection point. After peaking at the 19.60 area, it tumbles and plunges down, bounces and rolls over in classic style, and down some more...all technical price movement. to technical targets. and thats why this chart was easy to draw all these lines...I know it looks messy when you put too many lines on a chart But... if you look closely and carefully at all the lines...see how every line makes a key connection to all the pivot points and these are all exact parallel lines from top to bottom.
Note also there are 2 channels, one is flatter (black lines) than the other (orange lines) which slopes sharper downward.
AVXL getting bled down
retesting lower targets as it fails to hold support levels at 18.80/18.60/18.50/18.30/now testing 18 area.
17.50 /17.75 area is below.I think theres a good chance this week we can see the 17's.
It does sound weird,boi,
to people who havent read about it.
Watch what happens when the 3 Gorges dam collapses.
and watch what happens if AVXL 'collapses' in a market collapse, if we get one anytime soon.
Its what happens when
youre a frustrated artist,frustrated mathematician,and frustrated architect. My favorite artist is M.C.Escher.
ever heard of him?
sab,I've been watching the
news about the black swan triggers that can happen soon. The main one is the 3 Gorges dam, and its destruction, causing collapse of bitcoin, and the chinese market.
The election fraud results can be released any time and the reaction by the news media could cause civil unrest and a blackout. a lot of political and military turmoil happening around the world as the global reset happens,some expert analysts and insiders are anticipating a stock market crash, so I'm wanting to be cautious next week and the coming weeks. for clues.
Watch the news about floods in china and the Dam breaking, and bitcoin.
I agree
9/11 jitters
and no news for AVXL turns the price action technical and the bleeding down game gets stronger.
Next week could be eventful . many concerning things happening that could trigger trouble. War events that could escalate. weather warfare causing massive flooding. and the 3 gorges dam collapsing could start the market collapse as well.bitcoin collapsing. black swan alarm bells ringing.
I dont have any stink bids set at normal technical targets just in case it plunges in a collapse.
have a good weekend as well.
T
I used to use the fan tool some years back. its a good tool.
yep and the resistance step
at 19.30 sold down and broke down below the 19.00 balance step. it suddenly became a little bearish now as the day starts to finish.
This 5 minute short time frame and intraday price watching is ok for what it shows us, but If we step back out to see a bigger picture... we're still stuck in the Range Box,unchanged for another week.
Resistance steps overhead are capping and support is ok but uncertain as it holds 18.80 area. below that is 18.50 area and then down to the 18.30-18.00 target zone.
Looks to me like the current pattern showing the magnetic balance line at 19 dollars and in the chart structure seems like the key area to watch the zig zag battle .
So with the lack of news, the technical patterns are taking over and the charting is all technical price action now. so we see this zig zagging continue and remain uncertain, with capping at resistance and price stuck in the Box, another week of nothingness.
But even though the downwaves are so far holding in the 18.90-18.80/18.50 areas, I still think the major low at 17.50 area is still in play.
19 didnt hold strong
volume is low
How strong is this rally momentum... that may be the right clue for the moment.
I like that 19.00 held support this afternoon. The opening drop held at target 18.75 and rallied 50 cents. The upward wave has math targets at 19.65 area and wave finish target at 20.10 area. but where is the buying volume to push through the overhead resistance steps at 19.30/19.40/19.50 ?? Price has continued to be stuck in this Range box 18 to 20. the balance point is 19, so its looking upward at the moment, but resistance is right overhead poised to sell in the final hours.Lets see how the day (and week) finishes.
dude,wheres my volume 5 minute chart
Looking at the TA chart targets
I'm not offering any advice. but I'm not buying or selling any shares between 18 and 22
My buy targets are at lower steps and I have to wait and watch what the price action does on the track to get down there first. and the rallys to 22 and 23 I'd be watching how that track runs as well. decisions get made hopefully at the right moments. but this zig zag zone... the balance point now looks like 19.00-19.20 area and it shows me a 1 dollar move coming in either direction.
Todays price action is easy to watch now on the 5 minute chart with bollinger bands tight and look at the 20ma around 19.15 area as a balance point that needs a bounce now to follow through in another 1 dollar rally to test 20.00-20.25 area again. That would be the next bullish looking move from here. The bearish move would fail to bounce and get capped around 19.25 and maybe drop down 1 dollar to retest the 18.25-18.00 area. and continue to develop the downward bias.
5 minute chart
No,no...
I got that info from reading insider intel
that I follow.