Even with relatively high volatility, the use of the two Gann Fans and Fibonacci along with MACD indicator - which I normally don't like to use - based on Heikin Ashi log-scaled chart proves to be quite powerful to capture the behavior of AIR price.
On the daily chart, the area between 11.52-106.42 is the target after that AIR breaks below the ascending channel. Also, the previous swing area between 102.32-101.68 is the next bearish target if a further breakdown would occur.
On the flip side, a break above the upper 3/1 and the lower support line of the channel may set the area between 121.20 and the upper 4/1 as the next bullish targets.
I would appreciate any opinion concerning this analysis :)
On the daily chart, the area between 11.52-106.42 is the target after that AIR breaks below the ascending channel. Also, the previous swing area between 102.32-101.68 is the next bearish target if a further breakdown would occur.
On the flip side, a break above the upper 3/1 and the lower support line of the channel may set the area between 121.20 and the upper 4/1 as the next bullish targets.
I would appreciate any opinion concerning this analysis :)