Potential Bullish Elliott Wave B Correction for AAL?
Signs of confluence:
1) Bullish divergence on MFI (similar to RSI but factors in volume)
2) Touching low end of bollinger bands.
3) Looks like a squeeze on the MACD. Ready to cross in a direction.
Price target between $22-$24 (50%-76.4% Fibonacci retracement of wave A).
1) Bullish divergence on MFI (similar to RSI but factors in volume)
2) Touching low end of bollinger bands.
3) Looks like a squeeze on the MACD. Ready to cross in a direction.
Price target between $22-$24 (50%-76.4% Fibonacci retracement of wave A).
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