BABA passed wave 5 in the Resistance Zone, and I expect that it will go DOWN to PRZ (Price Reversal Zone) & near the SMA 100 (Daily Timeframe) after breaking the Important Support Line.
Also, we can see the Regular Divergence (RD-) between Price and MACD Indicator.
Alibaba Group Holding Analyze (BABAUSD) Timeframe 4H⏰ (Heikin Ashi)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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