airbus is consolidating on a key level.
the price is stuck on 50 level for more that one month!
on 4H we see a classic contraction with a formation of a .
the side of the breakout of the triangle will show us the future direction of the stock.
because the trend is , we are biased here and we expect further continuation.
however, in case of a breakout out profits will be relatively limited.
we will aim at 40 and this will be the next key structure.
in case of a breakout of a falling trendline, we can expect a continuation,
and aim at 76 level.
be prepared for both scenarios and adjust your trading plan accordingly!