The recent news and the jump caught my attention.
BABA is finally above 200. However, that level held its ground as a resistance.
So I mapped it to see, whether the just discovered pattern holds.
BABA is finally above 200. However, that level held its ground as a resistance.
So I mapped it to see, whether the just discovered pattern holds.
Trade closed: stop reached:
I dumped the short term option. The blue channel remained in force.