Delta airline has been in a descending channel and it is currently heading towards the upper trend line of the channel. If the price breaks above $44, the pattern breakout is confirmed and could travel further up to $54 area.
Target 1 - $44
Target 2 - $54
Risk - Rejected from trend line and revisit $35 area.
Traders should raise the stop loss as the price travels upwards.
If you like charts like this, follow me and subscribe to my posts.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
Target 1 - $44
Target 2 - $54
Risk - Rejected from trend line and revisit $35 area.
Traders should raise the stop loss as the price travels upwards.
If you like charts like this, follow me and subscribe to my posts.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。