GoonsTrading

BABA Massive Head and Shoulders into Wave 4

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
Gap down today is very good confirmation to me that this plays out. I've had it drawn for about a week. Short down to $240, and i'm already in a bear play (keeping it light and adding on the way down, because market context around BABA tells me the pop will be strong - everyone wants to go long)
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