Friday, October 06, 2017 5:31:53 PM
Heres what I'm saying about AVXL....
Looking at the Elliott wave pattern so far.
You see from the 3.33 Bottom to the 5.14 top, call that Wave 1. Then from the 5.14 down to the 3.80 low, lets call that Wave 2. easy enough to see.
Now, from there should come the big rally wave, Wave 3, .... and so far, its barely begun, it can be called a first subwave rally to 4.46,(or you can measure from the 4.35 peak) as subwave 1 of 5 of Wave 3. (The Wave 3 ,lets say will have a 5 subwave pattern to it)...so far we see the subwave 1,that goes from 3.80 to 4.35/4.45,ok, still easy enough to see. Followed now by the completed subwave 2, back down to test 4.05/4.08/4.12...and now we are at a key point in an Elliott wave pattern, where the next wave that's "supposed to" come, is a big rally surge, as subwave 3 of 5 of Wave 3, we should be in a set up now, to see this 4.20 zone Hold support, and a big rally blast is set up to happen right here ,at this launch pad. The subwave 1 went from 4.08 to 4.35, subwave 2 fell from 4.35 to 4.21. all this is normal technical tracks,ok so far, but now should come subwave 3 of 5 of Wave 3...it should target at least 4.70 area. and the finish wave 3 target zone is around 5 dollars (4.90-5.05)...That's just the Wave 3,in this pattern, the finished wave 5 target zone is around 5.30/5.50 area, for the technical math picture that's developed so far.
This whole pattern, is right now, ready and waiting for a big surge ,asap, from 4.25 to 4.75,at least. 4.75/4.85/4.90 area,and that would fulfill the current Elliott wave pattern that's developed so far. From that rally peak, lets say around 4.80 area, "should" come the subwave 4 (4 of 5 of wave 3), that slides sideways down to support around 4.45/4.55 area, and then should come the finished Wave 3 target around 5 dollars and the 200ma. That should be the Wave 3 rally target zone.
This picture is clear to me with these tools. we need to see a good strong rally bounce next week to target the 4.80 area. ANYTHING other than that becomes a bearish different pattern playing out. a neutral pattern at best. bearish to stay stuck here below 4.50,below 4.40....they would keep it suppressed like this so that they can take it down again to test 4 dollars and give investors more time to accumulate at 4 dollars. BUT the pattern developed so far, since the 3.33 bottom ,is a set up for a much better rally wave pattern. with targets at 5.30/5.70/6.00/6.80/and finishing around 8 dollars. Its a double in this pattern from 4 dollars to 8 dollars. and its ready to begin the next big surge that targets 5 dollars,then 5.40 area. Holds support at 5 dollars and targets 6 dollars, 6.80 area , and if it gets up there its on a new pattern, but one that started at 3.33 and got follow thru NOW,to reach the 5 dollar target zone. Unless it makes this rally now,and keeps the pattern going to these higher targets, the pattern is being stifled below 4.50 , and that means the 4 dollar zone is the central target. (3.50/4.00/4.50)
Looking at the Elliott wave pattern so far.
You see from the 3.33 Bottom to the 5.14 top, call that Wave 1. Then from the 5.14 down to the 3.80 low, lets call that Wave 2. easy enough to see.
Now, from there should come the big rally wave, Wave 3, .... and so far, its barely begun, it can be called a first subwave rally to 4.46,(or you can measure from the 4.35 peak) as subwave 1 of 5 of Wave 3. (The Wave 3 ,lets say will have a 5 subwave pattern to it)...so far we see the subwave 1,that goes from 3.80 to 4.35/4.45,ok, still easy enough to see. Followed now by the completed subwave 2, back down to test 4.05/4.08/4.12...and now we are at a key point in an Elliott wave pattern, where the next wave that's "supposed to" come, is a big rally surge, as subwave 3 of 5 of Wave 3, we should be in a set up now, to see this 4.20 zone Hold support, and a big rally blast is set up to happen right here ,at this launch pad. The subwave 1 went from 4.08 to 4.35, subwave 2 fell from 4.35 to 4.21. all this is normal technical tracks,ok so far, but now should come subwave 3 of 5 of Wave 3...it should target at least 4.70 area. and the finish wave 3 target zone is around 5 dollars (4.90-5.05)...That's just the Wave 3,in this pattern, the finished wave 5 target zone is around 5.30/5.50 area, for the technical math picture that's developed so far.
This whole pattern, is right now, ready and waiting for a big surge ,asap, from 4.25 to 4.75,at least. 4.75/4.85/4.90 area,and that would fulfill the current Elliott wave pattern that's developed so far. From that rally peak, lets say around 4.80 area, "should" come the subwave 4 (4 of 5 of wave 3), that slides sideways down to support around 4.45/4.55 area, and then should come the finished Wave 3 target around 5 dollars and the 200ma. That should be the Wave 3 rally target zone.
This picture is clear to me with these tools. we need to see a good strong rally bounce next week to target the 4.80 area. ANYTHING other than that becomes a bearish different pattern playing out. a neutral pattern at best. bearish to stay stuck here below 4.50,below 4.40....they would keep it suppressed like this so that they can take it down again to test 4 dollars and give investors more time to accumulate at 4 dollars. BUT the pattern developed so far, since the 3.33 bottom ,is a set up for a much better rally wave pattern. with targets at 5.30/5.70/6.00/6.80/and finishing around 8 dollars. Its a double in this pattern from 4 dollars to 8 dollars. and its ready to begin the next big surge that targets 5 dollars,then 5.40 area. Holds support at 5 dollars and targets 6 dollars, 6.80 area , and if it gets up there its on a new pattern, but one that started at 3.33 and got follow thru NOW,to reach the 5 dollar target zone. Unless it makes this rally now,and keeps the pattern going to these higher targets, the pattern is being stifled below 4.50 , and that means the 4 dollar zone is the central target. (3.50/4.00/4.50)
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
