Replies to post #343874 on Anavex Life Sciences Corp (AVXL)

[sab63090]

The bigger triangle was formed at a higher level, after a 5 wave down, too...so it would be classified as a "continuation triangle", hence more downside.

Triangles are always tricky and often give false signals.

This triangle is an extremely minor one; I guess I will wait with my long....I'm current down on my entry and wish I had done the same that @GD did and take the 5 point profit....he exited; I did not!

My bad.

[dyp]

just a minuscule part
of the greater pattern that started
in June.
the greater pattern being incomplete.
definitely another leg down.
that is the direction.
IMO
of course fundamentals realm.
the whole pattern could change
with tomorrow's fantastic
report/peer review.
,>)