Delta Airlines - Long on retracementA few weeks ago I made a stupid mistake by buying Delta right at the top. After examening my mistake I realised that Delta should be bought on corrections, as it always retraces to previous resistance levels. When close to support (ex resistance), and close to the EMA wave, I watched for patterns that signal the correction is over. As labeled on the chart, there were candle stick patterns and double bottoms. Right now the price is 33.71$ after a gap up, after an idencision day at support and at the EMAs. Allthough I do not know where Delta is going, as you never know, I call today as a good level to go long, with a stop under the previous doji at 31.92.
Im sorry for the lack of details, I have drawn the chart on a rush.
