Reviewing why $LUV broke down

Updated

Break down occurred once the blue support box was violated.
Showing signs of a pipe bottom right now------> id consider buying

Note

Pipe bottom did not fruit. Idea voided

Note

Notice the angle of the down trend right now. THis is one of my best setups stat wise once it nears a break out watch for trend line break along with macd zero crossing to the upside, along with ris breaking a topside resistance line.

gumbtg

-If you find this idea interesting please leave a like
-Follow for more
-Comments are always welcomed and appreciated

Also on:

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.