Tuesday, August 15, 2017 1:53:28 PM
Risk vs reward now in AVXL trade.
Target overhead at 4.30 is 20 cents away. target for a plunge could fall 50 cents to 3.60 area. there is a gap at 3.65 area. and various targets below 4.00. support at 3.90/3.80 area every step to 3.50 . one of these should hold ,pick a target. but the odds for squeezing out more rally in this move here? would 4.30 be the finish in this first wave? a pullback to retest 3.80 area? what road are we on now? wheres my road map. ?
IF the measurement of the Plunge/Downwave bleed to 3.33 started at the 5.30 peak, a move from 5.30 to 3.30 would have a 50% Fib retrace target at 4.30. perfect as can be. and a perfect pullback to the 50% Fib would target 3.80.
There are several other measurements to consider. From the 5.55 peak to 3.33 is a move of 2.22 , and the 50% Fib retrace targets 4.44, also a good target to get Hammered down at.
and a perfect 50% Fib retrace would come back to test the 3.88/3.90 support zone.
From the 5.74 to 3.33 gives us a 50% Fib retrace target at 4.53 area, etc etc...and pullback target zone is 3.93 area.
and so the 3.90 support zone becomes important ,like it was before the Plunge to 3.33
a reverse head and shoulder zone ,support shoulder (3.90-3.60 area) being crafted these days. by the looks of all this.
Target overhead at 4.30 is 20 cents away. target for a plunge could fall 50 cents to 3.60 area. there is a gap at 3.65 area. and various targets below 4.00. support at 3.90/3.80 area every step to 3.50 . one of these should hold ,pick a target. but the odds for squeezing out more rally in this move here? would 4.30 be the finish in this first wave? a pullback to retest 3.80 area? what road are we on now? wheres my road map. ?
IF the measurement of the Plunge/Downwave bleed to 3.33 started at the 5.30 peak, a move from 5.30 to 3.30 would have a 50% Fib retrace target at 4.30. perfect as can be. and a perfect pullback to the 50% Fib would target 3.80.
There are several other measurements to consider. From the 5.55 peak to 3.33 is a move of 2.22 , and the 50% Fib retrace targets 4.44, also a good target to get Hammered down at.
and a perfect 50% Fib retrace would come back to test the 3.88/3.90 support zone.
From the 5.74 to 3.33 gives us a 50% Fib retrace target at 4.53 area, etc etc...and pullback target zone is 3.93 area.
and so the 3.90 support zone becomes important ,like it was before the Plunge to 3.33
a reverse head and shoulder zone ,support shoulder (3.90-3.60 area) being crafted these days. by the looks of all this.
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