The Long Investor

$DAL

Added 2023-07-06 13:07:31 +0000 UTC

$DAL being a beauty here, it broke above the yellow line which was the previous high at $45.50 an we can see a faint retest of the line from above and then bounced very well and is on a fast track route to our Wave 3 target now at $52.

This will need to pull back for Wave 4 here or maybe sooner to keep this structure perfect.

We have made a lot of money on this and what makes this so good, is that there was very little risk to our entry, due to the chart set up, the bullish wedge, into a bullish flag, the MA's were bullish and it was perfectly following Ew Theory and we can see that Wave 2 pulled back to exactly the 0.65 Fib and bounced.

These set ups are what we always look for, backed up by strong fundamentals, when we see this, we go in heavy.