Anavex Life Sciences Corp (AVXL)

[123tom]

@sab63...yes,Ive heard
of many you mentioned. I first learned from Prechters methods. I know he's made some errors.seems we all make errors examining Elliott wave. I like Wyckoff alot.
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By the looks of todays jump, (the break out move I was needing to see,we got that today) its possible that the 5 waves down has finished at the 17.50 target.[But the big picture downwave from 31 or 28 to 17.50 means a 50% retrace target is waiting around 23-24.50 area and I expect big resistance there to try and create another downwave. If that happens the support zone around 20 will become a critical shoulder to see if it holds as bullish support.when the time comes.
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The math pattern I need to see for a finished wave is closer to 20.50 not ending here at 19.50. so I want to see more follow thru here to target 20-21 area.
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The more intensive examination of the picture Ive been looking at ,I really think the 22-23 area needs to be reached for a bullish turnaround.here at 19.50 is a good start. but I might call this blast up today the subwave 3 in the pattern, a shallow pullback,thats happening now,I want to see it hold around 19,not falling all the way to 18.50 . and from 19 rally again to target the 20.50 area. would become the subwave 5 to get into that resistance zone around 20-21-22.

Todays breakout jump
breaking through the 18.50 and reaching the 19.50 target