Thursday, October 12, 2017 10:11:01 PM
AVXL,and a technical forecast...
I don't usually make predictions.its not a good idea usually.
But Maybe theres value to making one now. a technical forecast, I say technical because its interesting to watch how price action moves in technical trading patterns versus when it moves wildly upon news releases. Today we got a news release and price took off to cover several technical steps in Both directions. The bounce was news driven, but now we might get a chance to see what Technical price action can do when it takes over the game. IF we see a purely technical computer driven price movement tomorrow, I predict it could look like this for targets.
Tomorrow opens with a drop to 4.28 (a Fibonacci retrace target) . then it quickly surges from 4.28 and either fast or else steady thru the day, climbs to target 4.58, and Stops there. and pulls back to finish the day and the week at 4.43. All that price action would represent a purely computer driven technical trading from Fib target to resistance pivot point ,back to Fib target and balance point at 4.45/4.43. and the moral of the story is that even with a news driven blast that could become pattern changing, the technical trading computer systems can also take over , and if the price tomorrow does what I forecast, it would be a demonstration of the technical road map of Big Money computer trading,staying in control.
a drop at the open to 4.28 followed by a bounce to peak at 4.58, followed by a pullback to end the day and the week at 4.43
I don't usually make predictions.its not a good idea usually.
But Maybe theres value to making one now. a technical forecast, I say technical because its interesting to watch how price action moves in technical trading patterns versus when it moves wildly upon news releases. Today we got a news release and price took off to cover several technical steps in Both directions. The bounce was news driven, but now we might get a chance to see what Technical price action can do when it takes over the game. IF we see a purely technical computer driven price movement tomorrow, I predict it could look like this for targets.
Tomorrow opens with a drop to 4.28 (a Fibonacci retrace target) . then it quickly surges from 4.28 and either fast or else steady thru the day, climbs to target 4.58, and Stops there. and pulls back to finish the day and the week at 4.43. All that price action would represent a purely computer driven technical trading from Fib target to resistance pivot point ,back to Fib target and balance point at 4.45/4.43. and the moral of the story is that even with a news driven blast that could become pattern changing, the technical trading computer systems can also take over , and if the price tomorrow does what I forecast, it would be a demonstration of the technical road map of Big Money computer trading,staying in control.
a drop at the open to 4.28 followed by a bounce to peak at 4.58, followed by a pullback to end the day and the week at 4.43
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