Delta Airlines (DAL) – Bullish Target AnalysisKey Observations:
Elliott Wave Structure:
The analysis identifies a potential completion of Wave 4, setting the stage for Wave 5.
Price is projected to move towards the key resistance zone near the tip of the arrow.
Target Zone:
Price Target: $79.34
This level aligns with the Elliott Wave 1.00 Fibonacci Extension, indicating a potential bullish breakout.
Support and Momentum:
Support Zone: $56.73–$53.40 (Wave 4 retracement levels).
Momentum remains bullish, as the price sustains its position above key trendlines.
Scenario:
Bullish Scenario:
The price targets $79.34, driven by strong momentum and adherence to the Elliott Wave structure.
Bearish Scenario:
A breach below $56.73 may invalidate the immediate bullish setup, leading to a potential consolidation or pullback.
Conclusion:
Target Price: $79.34
Confidence Level: High (if support levels hold).
📢 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and consult a financial advisor before trading. 🚨