Symmetric Triangle in American Airlines
American Airlines is an American airline. It operates flights on an extensive network of national and international routes.
Temporality of the chart: 4 hours
- This type of pattern is of the non-directional type. That is, there are two possible operations:
- If the triangle is broken upwards, is expected a long position at $29.5 per share with Take Profit around $36.5 and a Stop Loss at $26.5 per share.
- If the price breaks down, is expected a short position at$27 per share with Take Profit at $20 and a Stop Loss at $30 per share.
- The risk-reward ratio in the long and short positions is approximately the same in 2.33
Temporality of the chart: 4 hours
- This type of pattern is of the non-directional type. That is, there are two possible operations:
- If the triangle is broken upwards, is expected a long position at $29.5 per share with Take Profit around $36.5 and a Stop Loss at $26.5 per share.
- If the price breaks down, is expected a short position at$27 per share with Take Profit at $20 and a Stop Loss at $30 per share.
- The risk-reward ratio in the long and short positions is approximately the same in 2.33