This AVXL bounce might still be looking downward... The Elliott wave pattern looks as much like a "wave 4" bear flag , zig zagging in the bottom zone 2.00-2.45, it could struggle below 2.50 and make the next wave Downward to finish the bottoming process. Are we watching the subwave 4 to falter at resistance and continue downward/chart view Important to watch the resistance overhead 2.40-2.45-2.50
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.