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.
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.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.