DAL is consolidating at previous highs and on a trendline. Consolidation leads to movement. Based on Elliot Wave Theory, we could be looking at another leg up. If you haven't researched this theory, do it. The price action of wave 4 usually has opposite characteristics than wave 2. (If wave 2 is sharp, wave 4 is longer and more consolidating and vice versa) I believe we could be on wave 4 waiting for wave 5 to start. Regardless, this consolidation will create movement. If trend breaks, wait for successful retest. If trend continues, wait for a successful retest after breaking the highs.
In the meantime, there is a clear range to play up and down if you decide to.
All around, lots of good opportunity. Up, Down, or Sideways, I'm game.
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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.