BA week Nov 21st
BA broke that downtrend, it tested that 4HR DEMAND [167.15 / 169.99] and pushed up and is currently testing that 4HR SUPPLY [173.98 / 176.69]
here is what i am thinking, if BA pushes past 175, it will head over to test 178 but if this does not and rejects that supply and retracement zone [61% fib level 175.27] i see it a continuation to the next leg down 161.48 to fill that 4HR GAP 160.28 / 163.33. It will need to break those support zones
support zone 171.53, 168.12/52, 164.56, 160.98
resistance zone 178.19/97, 182.86, 186.91, 188.43
here is what i am thinking, if BA pushes past 175, it will head over to test 178 but if this does not and rejects that supply and retracement zone [61% fib level 175.27] i see it a continuation to the next leg down 161.48 to fill that 4HR GAP 160.28 / 163.33. It will need to break those support zones
support zone 171.53, 168.12/52, 164.56, 160.98
resistance zone 178.19/97, 182.86, 186.91, 188.43
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.