AAL INVERTED HEAD AND SHOULDER ON PLAY WITH A MINOR PULLBACK
Updated
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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