I like the pattern, fridays volume was nice, today's volume was average but good candle. If Inverted Head and shoulders confirms I like the two target lines listed. 4:1 Risk/Reward
Komen
HarrisonFjord33
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I agree, this set up is incredibly bullish in the short to medium term. ALK bounced off support at 12/2015 ATH which coincided with the 50% Fib Retracement level of the current impulse. For wave traders, there are now 4 quantifiable waves from 6/27/16 low. I would expect new ATHs to be reached before the cycle uptrend (counted from 6/2006) concludes.
HarrisonFjord33
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*** i misspoke. Current cycle uptrend as counted from 7/2008.