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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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.