American Airlines (AAL) Bullish Trend Signals Opportunity on Retracement
American Airlines (AAL) maintains a bullish sequence from the April 4 low, supporting prospects for further upside. A 100% Fibonacci extension projects a target of $16.8, reinforcing the constructive technical outlook. The short‑term cycle from the September 30 low is unfolding as a zigzag Elliott Wave structure. From that low, wave A advanced to 14.05. A corrective pullback in wave B then terminated at 12.11, as confirmed by the hourly chart. Wave C is now progressing higher in the form of an impulse Elliott Wave structure.#elliott_wave_trading #forextrading #Technical_Analysis #forextrading
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