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Charting_Guy
Mar 31, 2023 3:33 AM

$BABA Inverse Head & Shoulders Long

Alibaba Group Holding LimitedNYSE

Description

BABA IH&S, neckline at $120, possible initial rejection (sell in may & go away) then hit $180 breakout target by fall. I took the fractal from the left shoulder and flipped it. I've been doing tons of IH&S patterns, but missed this one, shoutout @JaviCharts on Twitter for pointing this out! We both posted this at the low of the right shoulder at $80 about a week ago.. Follow me on Twitter @ChartingGuy twitter.com/ChartingGuy to get trades and chart updates sooner.
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