Bit of symmetry would be in play if the bars pattern plays out however it is very speculative Looks bullish above this hidden fallen wedge that formed
Round 2? Fractal for Alibaba bulls showing a possible second parabolic wave coming, drop a like to help motivate me to keep grinding out these beats! Cheers, Bixley
BUY BABA/USD ASSET TYPE: STOCK ENTRY 1 $210.80 ENTRY 2 $206.80 SL $196.19 TP.1 $220 TP.2 $233 TP.3 $248 TP.4 $268
BABA has displayed a bump and run, a diamond bottom and a triple bottom all while maintaining its current uptrend, this diamond bottom has led to bullish continuation of the uptrend. Further upsides expected as it pushes through the trend area.
First Cypher pattern identified, an immediate bearish move is most probable, as a retreat from the C > D wave. Learning everyday! Tips / improvement areas welcomed.
Golden cross on weekly. Clear uptrend. Great fundamentals and user base.
Ill link a video i made for the fam alongside this, so if you're more interested, check that out. It is about 10 minutes and has some info on the DJI also (2nd part of a 2 part video) Ima keep this straight forward. None of this surprised me. Before the trade wars even started I knew we would be back down. The only different, is that I did not think we would...
Alibaba stock MIGHT have entered its consolidation channel after that majestic 1 year Bull run. I see a good set up/entry with that bear flag forming on the 1H. The RR is really to take the risk on this trade. As usual if you have nothing constructive to add, keep the negativity out. Trade Safe!!
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron