Replies to post #10931 on 123Tom's TA study group

[Citrati]

Agreed.
From a Daily I just round off an average of the horizontal candlestick tails and call it 7.60ish for beginning strongest resistance until longest VbP bar zone.
Swing candle theory marks a swing low (SL)candle in blue ellipse and between blue horizontals as a resistance zone from 7.44-7.78.

https://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=6&dy=0&id=p64453455113&a=1503629128

PS: XBI got rocked today on 30minute. Huge deviation outside the bands. Both Kchannel and BB's.

Here is AVXL on the 30minute. click on AVXL and put in XBI to see XBI 30minute.

https://stockcharts.com/h-sc/ui?s=AVXL&p=60&yr=0&mn=0&dy=25&id=p23987043963