So we didn't get $2.03ish near term top and broke to the downside from $1.95 (technical term: truncated 5th)....(the why is immaterial)
The new calculation based on a full move $1.41-$1.95 suggests downside to $1.74 ($1.73 actual so far @ 10:09 AM for one minute). IF it breaks to the downside again...look for $1.68 or $1.61 as new bounce points. But the $1.73-74 is "standard" at 0.382 correction, so the bounce may be in as the broader market is bouncing.
The good news...the $1.73 bounce projects $2.60ish on the upside. When $1.95 is crossed on a move upward, watch for AEZS to make a fairly fast move to this higher number range...
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