123Tom's TA study group

[123tom]

AVXL looks coiling now

ready to make its next move from this 2.55 area.(2.60-2.50) either down to retest 2.40 area or up to target 2.75/2.80 area.

The larger rally math pattern is looking at target zone 2.90-3.00-3.10 area. But the resistance Failure zone is also there, ready at 2.70/2.80/3.00 area, meaning a Wave 3 targets that 3 dollar zone but also a Wave C resistance is there as well. The bullish finish target zone is 3.20 area. the bearish Failure at resistance zone is 3.00-2.80 area. and the downwave would repeat the Low zone to target 2.35/2.25 again.
AVXL coiling now

so this next move as a bounce upward,should be looking to achieve the 2.80 step at least and then see what resistance looks like there. a stronger bounce and follow thru would target 3 dollars and hit resistance there. I think selling pressure will get stronger the higher it bounces. But first will see resistance around 2.80 if we get a bounce now from here.
Selling strength can take it right back down from 2.80 to 2.35 all over again.