AMERICAN AIRLINES GROUP: 20 BULLISH POINTS TILL FIRST TARGET !!
Hello,
We have a bearish cycle whose floor has been reached to an extent of 461.8% at price level 8.50, I see very likely an asymmetric search for a double floor forming a typical reversal figure with fifth wave truncation to start after that its corrective wave A , probably bullish zig zag shape and correcting at least until its fibonacci 38.2%.
Cheers!!
We have a bearish cycle whose floor has been reached to an extent of 461.8% at price level 8.50, I see very likely an asymmetric search for a double floor forming a typical reversal figure with fifth wave truncation to start after that its corrective wave A , probably bullish zig zag shape and correcting at least until its fibonacci 38.2%.
Cheers!!