DAL

4월 21일

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.