$BA The One, The Only

BA has 2 interesting scenarios playing out on the Monthly chart. BA is nearing the completion of a double top patter that will result in a powerful move in either direction.

At the end of these double top patterns the market tends to reverse by consolidation and then moving away from the break point area, or fall much further with a failure of support at the break point area.

Given this is the monthly chart it could still take some time to develop, but the move here will be worth while.

Options buyers seek minimum 4 to 8 months of time.