Is this considered a swing play to the downside?

Discussion in 'Technical Analysis' started by Yasir, May 31, 2016.

  1. Yasir

    Yasir

    Go short here... ?? Comments.. DAL.jpg
     
    murray t turtle likes this.
  2. Handle123

    Handle123

    If you have to ask this forum, you have not done enough back testing and made a Solid Trading Plan.
     
    K-Pia likes this.
  3. K-Pia

    K-Pia

    You have so much indicators there.
    That if ET opinion can still change your perspective,
    Then you should just, please, take them out of your charts.
    You could also flip a coin. Or position according to meaningless IF - THEN.
    It's cute actually when someone say: IF she looks at me before I shut my eyes,
    THEN she loves me !!! No need to add independent testimony ad infinitum.
    Just know what to look for. But please don't give Tips too much weight.
    Don't try to convince yourself. Build a good System / Management.
    Broken clocks are right at least twice a day ... Remember =P
    So to answer the Question : This looks like a Gamble !
     
    Last edited: May 31, 2016
  4. speedo

    speedo

    I require multiple time frames to make entry decisions but your chart shows a higher high after a MACD divergent low and appears to be forming a bull flag.
     
  5. %%
    Yas sir; yes sir.

    NOT a prediction DAL has gone bankrupt once, one year chart, +50 dma is bearish looking; some buyers @ $40- one year chart. I dont use RSI,LOL. Thanks for question; my wisdom comment is an educational comment, NOT a prediction.