BABA Bearish Crab & AB=CD

NYSE:BABA   Alibaba Group Holdings Ltd
BABA is forming a bearish crab with an internal AB=CD pattern, and both are completing in the same price zone. The volume weighted MACD is also showing some bearish divergence.

Crab Measurements
- 1.618XA
- 3.618BC

AB=CD Measurments
- .50/2.0
max 210 usd ? ----
FinanceRhino FerencGattyan
@FerencGattyan, Yes, if price action went above $210 then the pattern would be invalid and all positions would be closed. You want to enter a short position when price enters the reversal zone, the first profit target would be $190 (38% retracement of AD).
FerencGattyan FinanceRhino
@FinanceRhino, THX !!!
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