Anavex Life Sciences Corp (AVXL)

[123tom]

the 3 dollar battlezone sets up now.

as the cycle reaches a key target bottom at 2.45 , it should offer a reset to develop here. a larger picture energy enters the cycle now.

It could be a discouraging signal NOT to see a good bounce come from this 2.45 'double bottom'.
and I think the math structure in the chart picture is showing the 3 dollar area as a key target battle line in the developing pattern.

For the current 'first bounce' I see the target around 2.75-2.95 area.
and the '1 dollar rally ' target around 3.45-3.50 area.

For a 'bearish' bounce to Fail and generate the next downwave, looks like the 3 dollar zone as a resistance Wall, and from there the '1 dollar tradewave' targets 2 dollars.

its a Fibonacci road map

and weekly chart same targets