Delta Airlines (DAL) – Bullish Target Analysis
Key Observations:
Elliott Wave Structure:
The analysis identifies a potential completion of Wave 4, setting the stage for Wave 5.
Price is projected to move towards the key resistance zone near the tip of the arrow.
Target Zone:
Price Target: $79.34
This level aligns with the Elliott Wave 1.00 Fibonacci Extension, indicating a potential bullish breakout.
Support and Momentum:
Support Zone: $56.73–$53.40 (Wave 4 retracement levels).
Momentum remains bullish, as the price sustains its position above key trendlines.
Scenario:
Bullish Scenario:
The price targets $79.34, driven by strong momentum and adherence to the Elliott Wave structure.
Bearish Scenario:
A breach below $56.73 may invalidate the immediate bullish setup, leading to a potential consolidation or pullback.
Conclusion:
Target Price: $79.34
Confidence Level: High (if support levels hold).
📢 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and consult a financial advisor before trading. 🚨
Elliott Wave Structure:
The analysis identifies a potential completion of Wave 4, setting the stage for Wave 5.
Price is projected to move towards the key resistance zone near the tip of the arrow.
Target Zone:
Price Target: $79.34
This level aligns with the Elliott Wave 1.00 Fibonacci Extension, indicating a potential bullish breakout.
Support and Momentum:
Support Zone: $56.73–$53.40 (Wave 4 retracement levels).
Momentum remains bullish, as the price sustains its position above key trendlines.
Scenario:
Bullish Scenario:
The price targets $79.34, driven by strong momentum and adherence to the Elliott Wave structure.
Bearish Scenario:
A breach below $56.73 may invalidate the immediate bullish setup, leading to a potential consolidation or pullback.
Conclusion:
Target Price: $79.34
Confidence Level: High (if support levels hold).
📢 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and consult a financial advisor before trading. 🚨
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.