IF Fibonacci math and Elliott wave patterns end up meaning anything. heres what the chart looks like from the beginning of this rally wave pattern, from 7.60 low and making these moves, very nice rally pattern, fantastic. congrats to all who got in at the bottom. my instinct says danger here.This looks like a Elliott Fib wave 7 and bubbles get popped sooner or later/chart view Kinda reminds me of AVXL chart when it surged to 14.84 and then got slaughtered down to 3 dollars.
The wave 5 Fib target zone was the 14 dollar peak. Whats happening now looks like a Hyper Bubble waiting to get sold. and I wouldn't be surprised to see hard selling take a lot of profit here and slam it down to the 200ma. Of course I could be all wrong if the Fib math is operating here.
I also didn't look at all the chart patterns, just this one. so I don't know where the old bottoms or tops are. This is just the latest wave pattern from the 7.60 pivot low
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