Sunday, November 12, 2017 7:12:23 PM
Now, for AVXL,it all comes down to the...
current picture.
The Elliott Wave pattern of the past 3 years,and the 15 cent bottom (60 cents now) to the 14.84 peak, to the collapse to the 2.43/2.76/3.30 bottom zone... and now a capping in the 6.50 area and the 3.30 bottom zone, comes down to the middle area here at 4.00-4.50. The Elliott wave pattern has been from the 2.43 bottom, a Wave 1 and a Wave 2, and a suppressed Wave 3,that got sent back down into the Wave 2 zone.... the Wave 3 rally has been delayed and stifled, but still waits to begin. The pattern is still looking for the big Wave 3 rally. The set up is ready for it. the catalyst hasn't arrived yet. It needs a catalyst of news.
Until that time comes, the current bleeding down game, accumulation zone for shares to buy below 4 dollars, has been the key pattern. Capped at the 5 dollar zone and sent back to 4 dollars and targets lower. This current bleeding game will probably continue until the news catalyst.
On the current chart, I see the 4.50-4.20 area as a critical battle zone to play out right now. already begun over the last few weeks.
current picture.
The Elliott Wave pattern of the past 3 years,and the 15 cent bottom (60 cents now) to the 14.84 peak, to the collapse to the 2.43/2.76/3.30 bottom zone... and now a capping in the 6.50 area and the 3.30 bottom zone, comes down to the middle area here at 4.00-4.50. The Elliott wave pattern has been from the 2.43 bottom, a Wave 1 and a Wave 2, and a suppressed Wave 3,that got sent back down into the Wave 2 zone.... the Wave 3 rally has been delayed and stifled, but still waits to begin. The pattern is still looking for the big Wave 3 rally. The set up is ready for it. the catalyst hasn't arrived yet. It needs a catalyst of news.
Until that time comes, the current bleeding down game, accumulation zone for shares to buy below 4 dollars, has been the key pattern. Capped at the 5 dollar zone and sent back to 4 dollars and targets lower. This current bleeding game will probably continue until the news catalyst.
On the current chart, I see the 4.50-4.20 area as a critical battle zone to play out right now. already begun over the last few weeks.
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