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wavepatterntraders
11 Jun 2017 pukul 16.43

Elliott Wave Montly Southwest Airlines (LUV) 

Southwest Airlines CompanyNYSE

Huraian

The move from the 2009 lows counts cleanly as a potential impulse wave (5 wave advance). Over the coming months I suspect holders of this stocks wont be "LUVing" this stock. If its close to ending 5 waves then a correction in 3 waves is favored soon, although its a monthly chart so it will take a while to eventually correct. My best guess is that we see a decline when the US markets start a bear market.
Lebih