LazyBear
Long

AAL - Possible consolidation before the next leg up

NASDAQ:AAL   AMERICAN AIRLINES GROUP INC
AAL recently broke up bullishly from the wedge . It is already at 2nd standard deviation. Also, RSI MTF pane (1hr/4hr/8hr/1D) is showing an all-timeframe OB synch signal. Expecting a consolidation at this level, planning to buy any dips.

Next leg target is upper 3rd standard deviation range.
From 06-02 to 06-09 MTRF RSI indicators kept giving overbought indications while breaking RSRL. What strategy would give to traders if they used this indicator?
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how about a single indicator RSI Volume + MTF RSI + RSL (tagged) = arrow up / arrow down
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-- Update April 24 ---

Expected "consolidation" turned out to be a proper range retrace :) Looking at the MTF RSI, a similar cycle to the previous one may play out with reduced amplitude. Lets see if it can break up 57 this time.

snapshot
+1 Reply
oh yes,
once it breaks that resistance
snapshot
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LazyBear PRO jangseohee
+1 Nice.
+1 Reply
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