American Airlines: Evaluation of Falling Fractal

• Price breaking above red resistance line is the first sign of recovery.
  
• Price going deeper in greener demand area is the actual place of recovery. Though the nearest yellowish part of the chart is a local resistance.
  
• Price breaking out blue curved line is a confirmation of reversal.
  

Common fractal is circled.

Komentar:

Sometimes it's better to use curved lines instead of straight ones to be able to relate gradual growth/decline.