and what I mean by that is ....the price action has an energy. The stair steps as they climb and fall, 10 cents steps, that in a larger picture become 30 cent (larger fractal) steps, or the 50 cent moves, and the 1 dollar giant steps .... they create the pivot points, the Elliott waves flow along these magnetic price points,its a movement of electric magnetic energy points, the Fibonacci mathematics are energy points, and the chart takes shape as the price action moves along the mathematic tracks....and while its doing this, we watch and start to develop gut feelings. I mentioned in a few posts back, that there is a difference, a distinction important to make between these various stair steps of price. Some step is bearish and certain step is bullish, theres a distinction between what steps look good, and feel bullish and what feels bearish... you can see ,thru the mathematics, where the balance line is. and I tried to describe the distinction between the price holding at 3 dollars versus the price holding at 2.80,or 2.90 or 3.10 ,etc.... I said as long as AVXL stays stuck below 3 dollars the feeling is bearish. It needs to get above 3.00 and eventually target the 3.20 area and THEN pullback to hold at this 3 dollar step, maybe 2.90 is a balance line.....so I feel this same bullish gut feeling like you do from todays movement. and its because that distinction, between the 2.80 stair step and the 2.90 step is worth sensing. so I appreciate the feeling you have now. If I can see it in mathematic terms,feel it in the mathematic picture, the magnetic energy,is better at 2.90 than 2.78. needs to hold here at the 2.90 balance point. The chart was showing this for the past 2 weeks,the picture is the same still, but one step higher is on the bullish side of the tracks while the lower steps here are on the bearish side.
The 'mistake' I think you are making, is to let this bullish feeling take you too far ahead of the tracks,into wishful hoping.Dont let it do that. stay on the tracks, and take it one step at a time....and see it in both directions always.
Today ,AVXL completed the bounce back to test the 3.10 target. Now it needs to hold the pullback steps here at 2.90. I don't know which way the worm will turn tomorrow, but I'm seeing the tracks plotted on the chart. and the central stations I'm watching for in this cycle are a buy station around 2.80-2.40,a sell station at 3.80-4.40 ,a balance resistance zone at 4 dollars and a support line at 3 dollars ,and 2.80 to develop. I'm looking at the great wall of insanity resistance still waiting at 3.30 area. and today was a base hit single. That's all it was in my view. 2.90 has to hold as a major support line at some point. 3.30 has to be overcome at some point. and the short attackers have to try and slam AVXL down again at some point, maybe around 3.80 /4 dollars /4.30 area. sorry for the long winded description. The subtle feeling of something positive today is the distinction between the bullish colored steps above 2.90 and the bearish steps below 2.90
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