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A bullish vs bearish color chart AVXL

try to see as much as possible the details in this picture.

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Its constructed around Fibonacci math and Elliott wave patterns. and the colors are where rally targets were and should have gone. see where the rallies failed, and resistance took over ,and see how the downwaves all fell LOWER than the math targets. it became a bearish picture upon Every sell off, after every bounce. and the last 4 weeks have been the worst display of weakness ,as price got pushed lower and lower. The basic balance line between bearish and bullish/neutral is around 2.50, in a zone of 2.30-2.60 area and that's where the yellow/neutral zone turns orange bearish and looking downward. The 200ma is now around 2.70 and the 50 ma is around 2.40 now. In a more bullish picture, IF AVXL had rallied to the Fib target zone 3.35 area, and held a bullish pullback around 2.70 area, the 50ma would have been right around 2.70 instead of 2.40, and we would be seeing the next Rally wave starting from that 2.60/2.70 area instead of down here at 2 dollars. Now, that 2.70 area becomes critical resistance where sellers will likely jump on it to sell down again.


IF AVXL decides to make a real rally wave from the 2 dollar area and targets the 2.70, it will need to hold a pullback around 2.30/2.40 area and make another rally wave to try and target the 3.30 target zone and then hold around 3.00 and rally again to target 3.80 area as a finished Fibonacci true rally wave target zone. Would AVXL do that over the next 2 months?

IF AVXL makes a (bearish) correction ABC bounce rally ,in a bearish pattern, the resistance around 3.10-3.30 area would likely be the capping zone, where sellers would try to take it all the way down again to retest 2 dollars.
Bearish target zone 2.70-3.00-3.25 and Capped and sold down firmly.
Bullish target zones
2.70 (wave 1) 3.25 area (wave 3) and 3.85 area (wave 5 completion)