Double three correction on wave analysis. in the retracement zone 1-1.618 (BUY ZONE). Bullish RSI divergence. It is coming out of TTM squeeze, Low end of StochRSI, Low end of SchaffTrendCycle, MKM just released higher Price Target. Prime time for reversal, was in the same position on 1/31 of this year and it broke out of that squeeze nicely. Just needs a little volume and I think $LUV goes.
Price Target is 68.44 which is 100% of wave 1.
Stop loss at 54.15 which is below 1.618 on retracement (invalidated).
I am currently in Jul 9 $60 Calls.
Price Target is 68.44 which is 100% of wave 1.
Stop loss at 54.15 which is below 1.618 on retracement (invalidated).
I am currently in Jul 9 $60 Calls.