LUV has all the right moves

Alright folks, let’s take a look at the Southwest Airlines tickers, luv. And let’s talk about all of the confluence pieces that we have lining up on the chart. So over here on the weekly chart, you can see that we are back down here into this area structure. Now we have tested this already at 40 Quarter, come back up to about 4785 or so. And we’re now back here at this second test, you’ll notice that this low is lower than that low. So we basically took out these stops here, one flush low, and then we’re rally back up. Now, we have broken this short term trend line, we have a one to three top confirmation on this gap up today, this gap up triggered the confirmation of that number two, now we ideally just want to see a close above this number two, and preferably another day above this number two as well. Now over on the weekly, you’ll see that we have bullish divergence by signals coming in right here around this area. So that helps support the bullish thesis as well. And then lastly, if we take a look at this seasonality here, we are coming into a period of seasonality March 23, to about April 11 or so 80% win rate over five years. So so these are the pieces of the puzzle or the ingredients, if you will of the things I like to look at to help inform my trade. And then lastly, for as far as targets go, I like to see our targets, as projected by the 123 and divergence indicators. Right here as structure you see, it’s pending, it’s pending our target here at the $47 range. And that area makes sense, because this is really the last it’s the last swing high that we had before markets, sold off and made new lows. So we like law will likely go into tomorrow with light positions ahead of FOMC announcement. But this is an idea that you can certainly keep on your watch list. Now to be talking about these concepts in my free upcoming workshop called the ripple effect how to be first in line for huge market moves, Wednesday, March 16. At 7pm. We’re going to learn about how to trade both sides of the market, how to trade to the long side, how to trade to the short side, we’re going to talk about how to protect yourself using minimal risk with high target rewards and a very specific chart pattern that locates key turning points on your behalf. It’s a simple two step process. I use it every single day in all markets and all timeframes and I can’t wait to share this method with you. I’m a hyperlink to the page and I look forward to seeing you there.