DAL - Elliottwave analysis - Swing set up - Bear caseDAL - It is in Y wave down within WXY correction down. The X wave was triangle and seems its over, but it will confirm, once price break down below 27.89 level. It is a sell set up at current level with stop level above 34.02 for target below 28 or even lower. It is under performing the SPX, which is added benefit to the trade set up. As alternate count, it can extend the E wave in further triangle, so if price doesn't fall soon then there will be extension within correction, so stay small initially in trade and add more after confirming down cycle.
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