Replies to post #10981 on 123Tom's TA study group

[oldmystic]

I appreciate the good will, camraderie and thoughtful discourse of this board. Thank you all.
Here is a model utilizing a parallel channel and a Fibonacci projection for a low @ 6.16.
AVXL completed a DeMark Daily Sequential pattern 7/28 after which it rallied strongly albeit briefly.
It began a new downward sequence on 8/15 and today was bar 11 of the countdown phase.
I have annotated the counts in red, you should be able to read it more easily on the second chart.
https://invst.ly/11l75y
https://invst.ly/11l7a6