My previous LUV chart failed with a very little loss. But the idea is the same. Look on the weekly charts and you will see how this pattern is copying a previous pattern starting in Oct with similar highs. It is now testing a stronger resistance zone than my previous chart and formed a dark cloud cover at this zone.. Cover around 12. Happy trading.
It looks like Southwest is testing a resistance zone and formed a nice doji. Place the stop loss around 13.75. Happy trading.
Get in for last leg Confluence zones Bullish divergences MACD cross
long setup. trading range watching for breakout from resistance
long setup I posted previously , breakout from symmetrical triangle holding up
long setup. todays prices are being supported by red trendline
LONG SETUP , SYMMETRICAL TRIANGLE BREAKOUT , needs confirmation as volume was weak