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Trading idea for Delta Air Lines Inc. (NYSE)


#DAL

The share is traded in the descendant channel’s upper border’s span. The reverse pattern “pin bar” has formed with a false breach of the mirror level 42.41. The next 4-hour candle fixed below the mirror level.

Trading idea:

Sell when the base of the pin bar pattern is breached — 41.73.

Stop-loss is over the pattern’s local maximum — 42.86.

Target levels: 40.08; 36.22.

Author: GC
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