Schiff pitchfork shows BA consolidating in a triangle along the median line where the TLs of the 2 channels intersect. Breakout here and gap fill at 416 is likely. Break down and I think we see a measured move down to 320.
I'm looking for it to drift downwards but hover above the median line culminating w/ a news-related false breakdown at Z. Lots of bear traps at this TL over the years have preceded a run-up.
Another plane crashed yesterday. Pretty sure it will be shorted the F*ck out of on Monday. Be careful
chinawildman
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@Jayvanceee1313, Yea it'll drop on Monday, whether it recovers at the TL remains to be seen. So far from what I've read it seems like this was a weather related issue on landing. I'll gladly jump onboard the short bus if this breaks below the TL.