Presenting another high-probability chart story.
Some stocks don't spend months building a base—they simply explode higher, correct sharply, and resume the trend. ALAB is starting to look like one of them.
After an explosive A→B impulsive rally, the stock entered a swift correction, retracing almost perfectly into a high-confluence support zone.
Now, buyers appear to be stepping back in.
What stands out?
✅ V-shaped correction back into the previous breakout zone.
✅ Successful breakout retest, with the prior resistance acting as new support.
✅ The correction filled the nearby price gap, removing unfinished business.
✅ Price found support at the 200 EMA, a level institutions often defend during strong uptrends.
✅ The retracement reached the Fibonacci Golden Pocket (0.5–0.618), adding another layer of confluence.
This is exactly the type of pullback trend traders often wait for after a parabolic move.
Is an AB=CD Pattern Developing?
One pattern worth watching is a potential AB=CD harmonic continuation.
If the current rebound develops into a new impulse leg similar in magnitude to the first rally, the projections become very interesting:
🎯 First objective: around $500
🚀 Extended AB=CD projection: near $650
These aren't guarantees—they are measured projections that become increasingly relevant only if buyers reclaim momentum and continue printing higher highs.
Bullish Scenario
As long as ALAB continues holding above the breakout retest zone and the 200 EMA, the current pullback looks more like a healthy reset within a strong primary uptrend than the beginning of a trend reversal.
Invalidation
A decisive daily close below the retest zone would weaken the bullish structure and suggest that the correction is not yet complete.
Every chart tells a story.
This one looks like a fast train making a scheduled stop. The explosive first leg is complete, the breakout has been retested, the gap has been filled, and multiple support factors are converging in the same area.
Now the question is:
Is the next AB=CD leg already departed? 🚄📈
Some stocks don't spend months building a base—they simply explode higher, correct sharply, and resume the trend. ALAB is starting to look like one of them.
After an explosive A→B impulsive rally, the stock entered a swift correction, retracing almost perfectly into a high-confluence support zone.
Now, buyers appear to be stepping back in.
What stands out?
✅ V-shaped correction back into the previous breakout zone.
✅ Successful breakout retest, with the prior resistance acting as new support.
✅ The correction filled the nearby price gap, removing unfinished business.
✅ Price found support at the 200 EMA, a level institutions often defend during strong uptrends.
✅ The retracement reached the Fibonacci Golden Pocket (0.5–0.618), adding another layer of confluence.
This is exactly the type of pullback trend traders often wait for after a parabolic move.
Is an AB=CD Pattern Developing?
One pattern worth watching is a potential AB=CD harmonic continuation.
If the current rebound develops into a new impulse leg similar in magnitude to the first rally, the projections become very interesting:
🎯 First objective: around $500
🚀 Extended AB=CD projection: near $650
These aren't guarantees—they are measured projections that become increasingly relevant only if buyers reclaim momentum and continue printing higher highs.
Bullish Scenario
As long as ALAB continues holding above the breakout retest zone and the 200 EMA, the current pullback looks more like a healthy reset within a strong primary uptrend than the beginning of a trend reversal.
Invalidation
A decisive daily close below the retest zone would weaken the bullish structure and suggest that the correction is not yet complete.
Every chart tells a story.
This one looks like a fast train making a scheduled stop. The explosive first leg is complete, the breakout has been retested, the gap has been filled, and multiple support factors are converging in the same area.
Now the question is:
Is the next AB=CD leg already departed? 🚄📈
Trade active
ALAB is moving as expected, breaking 340 is a start.Note
hits 400 post earnings. Note
ALAB hits 350 once again. It needs to sustain above 350 for higher rally. sooner or later, it will happen.Trade closed: target reached
needs to stay above 245, otherwise much deeper correction will begin.Note
hits 320 again. Closing above 320 is needed for higher rally.
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.