Sunday, July 16, 2017 2:23:29 AM
The Fibonacci Geometric AVXL tracks to 4.95 bottom...
and to the resistance rally target at 5.77
Crafted around the Fibonacci tools,and watching for an Elliott wave pattern to develop into a finished rally or a finished downwave.
Picture this like an aerial view of an elaborate train track system at Grande Central Station.
This aerial view is showing the tracks in a zig zag way,down,up and down, to the 4.95 target bottom.
This could be nothing more than a flight of fantasy in the mind of a graphic artist... or it could be the kind of picture you'd see from a computer programmed with Fibonacci mathematics.
Notice the key points of support at 5.25/5.20/5.17 area and the resistance at 5.50 overhead, the current pivot triangle terminal at 5.34,where some movement has to start now. IF I was to believe this speculative artwork, I would be watching for a quick plunge to hit 5.18 again, followed by a decent looking bounce to hit 5.50..., (or else, the quick surge now to target 5.50 and then the take down to 4.95)but from the 5.50 resistance comes the tricky whipsaw slam down that moves with bleeding determination to target 5 dollars and overshoots to 4.95.
... and then, from the 4.95 low would come the rally to 5.77 target. (unless the 5.77 targets gets hit in the very next movement from this current 5.34 coiled triangle.)
There are many other target points than 5.50. 5.60area and 5.70 are key targets. The 50ma is heading toward 5.67 in a few days, another very key target where a rally now could get Hammered.
and to the resistance rally target at 5.77
Crafted around the Fibonacci tools,and watching for an Elliott wave pattern to develop into a finished rally or a finished downwave.
Picture this like an aerial view of an elaborate train track system at Grande Central Station.
This aerial view is showing the tracks in a zig zag way,down,up and down, to the 4.95 target bottom.
This could be nothing more than a flight of fantasy in the mind of a graphic artist... or it could be the kind of picture you'd see from a computer programmed with Fibonacci mathematics.
Notice the key points of support at 5.25/5.20/5.17 area and the resistance at 5.50 overhead, the current pivot triangle terminal at 5.34,where some movement has to start now. IF I was to believe this speculative artwork, I would be watching for a quick plunge to hit 5.18 again, followed by a decent looking bounce to hit 5.50..., (or else, the quick surge now to target 5.50 and then the take down to 4.95)but from the 5.50 resistance comes the tricky whipsaw slam down that moves with bleeding determination to target 5 dollars and overshoots to 4.95.
... and then, from the 4.95 low would come the rally to 5.77 target. (unless the 5.77 targets gets hit in the very next movement from this current 5.34 coiled triangle.)
There are many other target points than 5.50. 5.60area and 5.70 are key targets. The 50ma is heading toward 5.67 in a few days, another very key target where a rally now could get Hammered.
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