Replies to post #5421 on 123Tom's TA study group

[123tom]

This AVXL bounce might still be looking downward...
The Elliott wave pattern looks as much like a "wave 4" bear flag , zig zagging in the bottom zone 2.00-2.45, it could struggle below 2.50 and make the next wave Downward to finish the bottoming process.
Are we watching the subwave 4 to falter at resistance and continue downward/chart view
Important to watch the resistance overhead 2.40-2.45-2.50