AAL INVERTED HEAD AND SHOULDER ON PLAY WITH A MINOR PULLBACK
AAL did a nice neckline breakout after the inverted head and shoulder formation. We are expecting a minor pullback towards the highlighted zone to retest and accumulate more buying pressure. If the pullback range holds the sell-off above the level which can support a nice bullish reversal, then we can expect the trend to continue upside down and complete the structure.
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Thanks for visiting my tradingview profile. Hope the chart update helps you out. If you like the content do hit the thumbs up and follow me for future updates. 🙌🏻😎
📌For more details regarding this chart update, please message me on tradingview chat. Thank you!
Note
The price of AAL can retrace back close to 38% on the Fibonacci retracement.
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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.