Will be updating throughout the week. BA broke out of the downtrend it was making, formed a weekly inverse head and shoulder pattern (neckline already broken), and the Fibonacci extension lines up perfectly. I can see BA pushing up to the 194.73 area (200 moving average) before meeting some resistance. 4HR timeframe shows a Symmetrical triangle or descending triangle pattern depending on how you want to look at it, along with a break and retest of the Daily key level, along with a fibonacci retracement sitting at the 38.2% level (strong level). Multiple confluences.
Price is currently retesting a counter trend line it made while reaching the Fib retracement level. (Will update trade later this week).
Price is currently retesting a counter trend line it made while reaching the Fib retracement level. (Will update trade later this week).
Đóng lệnh: đạt mục tiêu
BA reached my profit target after the Daily trend line held firm. Confirmed win.
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Thông báo miễn trừ trách nhiệm
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.