Thursday, August 17, 2017 4:36:15 PM
I think it could go either way....
depends on whether AVXL has one of these strapped to its back...
I hope it does, otherwise this is a serious cliff edge right here at 3.80
doesn't it look like one? but the target zone is only 20 cents lower. maybe 10 cents. unless it represents the beginning of a stronger downwave. which is also possible. but that rally to 4.19, was way too high to start a real downwave.in my view.
The downwave starting zone for this technical pattern is this 3.90 shoulder resistance. and so for the powers to craft a larger downwave now (to retest the whole bottom zone below 3.60, a retrace to 3.30 area and the 200ma, would be revealing to prove that the 'rally bounce' was nothing but contrived and pushed to a bubbled peak hitting 4.10 and 4.19, when the real resistance peak turns out to be this 3.90 shoulder ,as my chart was diagramming. it would show the manipulated crafting of a fake out rally peak,at 4.10-4.20, and the real tracks in the game, might be (if it happens) the downwave from 3.90 back to test 3.30 target zone. The extra special trick ,if this plays out like this, is that the Big money manipulators,managed to take it as high as 4.19, and STILL manage to bring it all the way down again...That's superb manipulation if that's what happens in a greater move down now.a downwave greater than a simple pullback to test 3.70-3.60,and begin the next rally wave after the simple plunge if it happens tomorrow.
But the other pattern, a more bullish hopeful pattern would have a more shallow plunge tomorrow,or next week, to test 3.70-3.60 and if it holds there and rallies next week,is the main track I'm watching for.
The wiley coyote track to retest 3.30 and the 200ma, is a different track, and we might not get to know whick track is running in the coming week, if it gyrates between 3.65 and 4.05,it could fail at 3.90 area when the time comes, and make that bigger downwave ,starting from that resistance shoulder at 3.90 area. where it currently struggles. and that's why I say this 3.85-3.95 resistance zone is a wiley coyote cliff here.
and the bullish pattern for a good rally, would have price Holding firm right here at 3.80 and making a touchdown pass very soon,to target 4.30 and 4.60 area at least, and 4.90 area as a target topping zone.
Price desperately needs to jump right now right here at 3.80 get above 4 dollars and stay there for a few days. AVXL Must get away from this cliff edge.is how I see the picture now.
But I'd be happy enough to buy a few shares at 3.65 if the chance comes.
depends on whether AVXL has one of these strapped to its back...
I hope it does, otherwise this is a serious cliff edge right here at 3.80
doesn't it look like one? but the target zone is only 20 cents lower. maybe 10 cents. unless it represents the beginning of a stronger downwave. which is also possible. but that rally to 4.19, was way too high to start a real downwave.in my view.
The downwave starting zone for this technical pattern is this 3.90 shoulder resistance. and so for the powers to craft a larger downwave now (to retest the whole bottom zone below 3.60, a retrace to 3.30 area and the 200ma, would be revealing to prove that the 'rally bounce' was nothing but contrived and pushed to a bubbled peak hitting 4.10 and 4.19, when the real resistance peak turns out to be this 3.90 shoulder ,as my chart was diagramming. it would show the manipulated crafting of a fake out rally peak,at 4.10-4.20, and the real tracks in the game, might be (if it happens) the downwave from 3.90 back to test 3.30 target zone. The extra special trick ,if this plays out like this, is that the Big money manipulators,managed to take it as high as 4.19, and STILL manage to bring it all the way down again...That's superb manipulation if that's what happens in a greater move down now.a downwave greater than a simple pullback to test 3.70-3.60,and begin the next rally wave after the simple plunge if it happens tomorrow.
But the other pattern, a more bullish hopeful pattern would have a more shallow plunge tomorrow,or next week, to test 3.70-3.60 and if it holds there and rallies next week,is the main track I'm watching for.
The wiley coyote track to retest 3.30 and the 200ma, is a different track, and we might not get to know whick track is running in the coming week, if it gyrates between 3.65 and 4.05,it could fail at 3.90 area when the time comes, and make that bigger downwave ,starting from that resistance shoulder at 3.90 area. where it currently struggles. and that's why I say this 3.85-3.95 resistance zone is a wiley coyote cliff here.
and the bullish pattern for a good rally, would have price Holding firm right here at 3.80 and making a touchdown pass very soon,to target 4.30 and 4.60 area at least, and 4.90 area as a target topping zone.
Price desperately needs to jump right now right here at 3.80 get above 4 dollars and stay there for a few days. AVXL Must get away from this cliff edge.is how I see the picture now.
But I'd be happy enough to buy a few shares at 3.65 if the chance comes.
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