In my previous chart, I mentioned that BA could play out double bottom and it did.
Since then, BA has pulled back and now retesting the descending wedge. Will it bounce from here, or will it break down like it did before?
It seems $230 area has been painfully stubborn area.
If it bounce from here and break above $210, there is a chance that it can see $230 again. If by some miracle, it breaks through $230, we can expect $245 area.
On the other hand, if it breaks down from here, it can revisit $185 area.
It's all depends on whether we stay above $199 or breaks below it.
Bullish target 1 - $230
Bullish target 2 - $245
Bearish target - $185
Earning on 01/26 (tmr) will determine if we see $230 or $185. We won't have to wait long.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Since then, BA has pulled back and now retesting the descending wedge. Will it bounce from here, or will it break down like it did before?
It seems $230 area has been painfully stubborn area.
If it bounce from here and break above $210, there is a chance that it can see $230 again. If by some miracle, it breaks through $230, we can expect $245 area.
On the other hand, if it breaks down from here, it can revisit $185 area.
It's all depends on whether we stay above $199 or breaks below it.
Bullish target 1 - $230
Bullish target 2 - $245
Bearish target - $185
Earning on 01/26 (tmr) will determine if we see $230 or $185. We won't have to wait long.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.