AAL - American Airlines Sell Setup

Oct 3, 2020

AAL is forming an inverse head and shoulders pattern around support in green.

The head and shoulders is still an idea so we are waiting for the right shoulder to form and then buy on the neckline (in gray) break upward.

we also have a trendline in red and divergence adding more confluence to our setup.

our trigger would be after a momentum candle close above the neckline.

Or waiting for a red dot (swing high) to form around the upper red trendline to consider it valid and buy on its break upward.

and the stop loss would go just below the right shoulders.

we always target double our stop loss.

Good Luck!