Bullish wedge, IHS
If traded the right way. This setup lines up a possible 6 dollar trade.
AAL is coming out of a classical bullish falling wedge by breaking falling trendline - after making a bear flag.
Price is now being stopped at dashed trendline setting up a neckline for a possible IHS.
If neckline breaks...
Target will be at the upper trendline....on the 4h chart.
Stay Sharp on charts at
WallSTScalper.com
If traded the right way. This setup lines up a possible 6 dollar trade.
AAL is coming out of a classical bullish falling wedge by breaking falling trendline - after making a bear flag.Price is now being stopped at dashed trendline setting up a neckline for a possible IHS.
If neckline breaks...
Target will be at the upper trendline....on the 4h chart.
Stay Sharp on charts at
WallSTScalper.com
Note
Right shoulder is now in and challenging the IHS necklineTrade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.