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. 🚨
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.