Sunday, March 26, 2017 11:44:34 PM
a more complete set of Fibonacci retrace targets...
Its a simple task,placing the Fibonacci retrace on the chart. the trick here is to do it for All the waves in the pattern.
starting at the 2.43 Bottom, and also the 2.76 Pivot low. to the 6.64 peak. and then add the latest waves,as well, from the 4.95 pivot low,and the 5.17 pivot low,to the 6.15 shoulder peak and the 6.30 shoulder peak....and after doing all these Fib retraces, there will show a few key price points that represent a stronger magnetic target,the zone to watch for in the current pattern.
Past waves from the 2.43/2.76 Bottoms, crafted a Fib retrace target at 4.95... which was hit in that plunging retrace when it happened. I wouldn't say that 4.95/5.00 target is still in play currently as a target....but the steps that approach 5.50/5.40 could still be in play this week, IF the powers intend to slam the price down one more time before they start the next rally surge. This is a guess here on my part,looking for one more dip early next week (tomorrow or Tuesday maybe) it might not happen. I cant say. but I'm watching ready for it if it happens. It might be a fast falling knife that needs a stink bid to catch. I'm looking at a bargain now around 5.65/5.70 maybe. 5.60 looks like a real bargain. it needs a 40 cent drop to get there. its possible. but the target support at 5.80 has strong magnetic presence, as you can see on the chart.
When AVXL has made these technical surging rallies, as well as collapsing slam downs, they often move 1 dollar and 2 dollars. The rally setting up on the mathematic chart is showing the 2 dollar rally from 5.70 to 7.70.....something like that. and the 1 dollar target at 6.70 area looks like a feature on the current chart as well.
Here's the series of Fibonacci retrace levels created by the various wave patterns since the 2.43 bottom.
Its a simple task,placing the Fibonacci retrace on the chart. the trick here is to do it for All the waves in the pattern.
starting at the 2.43 Bottom, and also the 2.76 Pivot low. to the 6.64 peak. and then add the latest waves,as well, from the 4.95 pivot low,and the 5.17 pivot low,to the 6.15 shoulder peak and the 6.30 shoulder peak....and after doing all these Fib retraces, there will show a few key price points that represent a stronger magnetic target,the zone to watch for in the current pattern.
Past waves from the 2.43/2.76 Bottoms, crafted a Fib retrace target at 4.95... which was hit in that plunging retrace when it happened. I wouldn't say that 4.95/5.00 target is still in play currently as a target....but the steps that approach 5.50/5.40 could still be in play this week, IF the powers intend to slam the price down one more time before they start the next rally surge. This is a guess here on my part,looking for one more dip early next week (tomorrow or Tuesday maybe) it might not happen. I cant say. but I'm watching ready for it if it happens. It might be a fast falling knife that needs a stink bid to catch. I'm looking at a bargain now around 5.65/5.70 maybe. 5.60 looks like a real bargain. it needs a 40 cent drop to get there. its possible. but the target support at 5.80 has strong magnetic presence, as you can see on the chart.
When AVXL has made these technical surging rallies, as well as collapsing slam downs, they often move 1 dollar and 2 dollars. The rally setting up on the mathematic chart is showing the 2 dollar rally from 5.70 to 7.70.....something like that. and the 1 dollar target at 6.70 area looks like a feature on the current chart as well.
Here's the series of Fibonacci retrace levels created by the various wave patterns since the 2.43 bottom.
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