AI
Wednesday, March 15, 2017 12:45:31 AM
...and today, AVXL made that pullback....
reaching the 5.55 step,so far.
It doesn't look bad,so far, but neither is it a show of immediate follow thru. so the wave pattern looks like the 5.88 peak was a finished subwave 1 in the current pattern.(1 of 5 of 3 of 5) is what Elliott wave theory calls it.
subwave 2 is the pullback started today. subwave 3 should be a strong rally bounce to higher peaks above 6.30. The Fibonacci target zone is 7 dollars to finish the subwave 3 (6.30-7.00) in the current wave pattern developing now. wave 4 should hold sideways around 6.00-6.60. then subwave 5 should target the 8 dollar area. but....anything can happen ,depending on what the big money powers intend to do next.
reaching the 5.55 step,so far.
It doesn't look bad,so far, but neither is it a show of immediate follow thru. so the wave pattern looks like the 5.88 peak was a finished subwave 1 in the current pattern.(1 of 5 of 3 of 5) is what Elliott wave theory calls it.
subwave 2 is the pullback started today. subwave 3 should be a strong rally bounce to higher peaks above 6.30. The Fibonacci target zone is 7 dollars to finish the subwave 3 (6.30-7.00) in the current wave pattern developing now. wave 4 should hold sideways around 6.00-6.60. then subwave 5 should target the 8 dollar area. but....anything can happen ,depending on what the big money powers intend to do next.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
