Replies to post #9954 on 123Tom's TA study group

[123tom]

Lots of resistance overhead now

I think its going lower to test the 3.45 area.

AVXL bleeds down the steps
support steps at 4.25 area failed, now support around 3.90-4.00 failed. now 3.70 double bottom failed. the 200ma gets hit. the resistance overhead from 3.90 and every step higher is waiting to cap .I believe the bleeding down process took over after the 'base' around 4.25-4.40 failed to hold.
I'm looking at a target zone block now from the 200 ma (3.60) area to the 3.25 area