Monday, March 27, 2017 12:12:49 AM
one more AVXL chart,and the 5.80 balance point.
its a balance point as support /resistance. from the 6.64 peak to the 4.95 Low. but also from the rally waves,this 5.80 is a magnetic point to watch. the latest plunging pullback went from 6.30 to 5.90
I think the 5.80 step needs to be watched as a target. as does the 5.70. there is a pivot point around 5.65. these are the current targets for one more dip IF we get one. A retest of the lower pivot targets at 5.55/5.50 and 5.40 would be a show of bearish selling strength if that happens. another bleeding down like previous weeks did, I don't know if that would happen in the nexy few days....one step at a time needs watching. Lets see if 5.80 gets hit, then 5.70. the stair steps,like we've seen before,the way it gets bled down. there might be a few more days left for the MM's to achieve this dip. we'll see soon enough what they do with price this week.
its a balance point as support /resistance. from the 6.64 peak to the 4.95 Low. but also from the rally waves,this 5.80 is a magnetic point to watch. the latest plunging pullback went from 6.30 to 5.90
I think the 5.80 step needs to be watched as a target. as does the 5.70. there is a pivot point around 5.65. these are the current targets for one more dip IF we get one. A retest of the lower pivot targets at 5.55/5.50 and 5.40 would be a show of bearish selling strength if that happens. another bleeding down like previous weeks did, I don't know if that would happen in the nexy few days....one step at a time needs watching. Lets see if 5.80 gets hit, then 5.70. the stair steps,like we've seen before,the way it gets bled down. there might be a few more days left for the MM's to achieve this dip. we'll see soon enough what they do with price this week.
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