Anavex Life Sciences Corp (AVXL)

[123tom]

4 dollars would seem like a gift to me now. I'd buy too. But if they managed to collapse this big rally all the way back to 4.... in my mind it just means wall street power still has the ability to toss the AVXL rag doll anywhere they want whenever the time is right. manipulation Neverending. Until great news stops the short attack game. I've been watching (and grinding along with) this game for 14 years . Right now looks like a pullback has begun. Let's see what the first target and support shoulder zone does here, around 5.70. The next step below looks like 5.40.
The rally peaking around 6.05/6.10 , if finished, gives us new math calculations to examine. First things first, I want to watch the current price battle zone here at 5.70 to 5.90. Watch to see on the 5 minute chart, see If a sideways shoulder zone develops, and whether it fails at 5.85/5.90 and drops down to test the 5.40 step. IF that pullback happens, then I watch to see a bounce get stifled at that 5.75 shoulder (resistance) and then the next downwave to target the fuller pullback steps at 5.20// 5.00//4.80/4.60/4.40
Watching price action ,the skill includes seeing the road map pattern ahead of time. There could be a math roadmap developing now, once the pivot reversal makes a definitive move. 6.10/6.05 peak selling down...Right now, this latest slide down toward 5.70 looks to me like a pullback start, and now needs to watch a bounce get capped and beat back down around 5.90, if it would intend to be a real downwave pullback. And the finished target zone would be looking at 5.00/4.80 area. On the math price action chart. I'm looking at the 5 day/5 minute and the 1 month hourly charts now.