First, I have to back to my previous idea about Alibaba Group Holding. Do you remember it? 👇(it moved as I ✅expected✅).
BABA passed main wave B in the Resistance Zone, and I expect it to go DOWN to the end of main wave C that I showed in my chart.
Alibaba Group Holding Analyze (BABAUSD), Timeframe 4H⏰ (Heikin Ashi).
Do not forget to put Stop loss for your...
First, I have to back to my previous idea about Alibaba Group Holding. Do you remember it? 👇(it moved as I ✅expected✅).
BABA completed main wave C in the support zone, and I expect it to go UP at least until the end of microwave 4 of main wave C(Resistance zone).
Alibaba Group Holding Analyze (BABAUSD), Timeframe 4H⏰ (Heikin Ashi).
Do not forget to put Stop...
Hey Traders,
As evident on the Weekly Chart of Alibaba (BABA), the Fibonacci Retracement looks like it matches up almost perfectly! Next, the Weekly RSI has something very interesting.. A descending resistance line is clearly present and if we are to break it, BABA would have a rebound to the golden pocket. The target is at .618-.65 ($238-$246) so set TP's/ Sell...
BABA has spent the last year in a bear market. It's down about 60% from it's highs. Based on the charts, the sellers look exhausted and most of the downward momentum has been spent. There's bullish divergence on the daily and 4hr charts. It may take a couple months for bullish momentum to return in force, but it looks like we are at, or near the floor. I'm...
Different traders have different styles. I tend to like the thrill of catching massive bounces just for the thrill. Is it gambling or calculated risks? The trick is to look at different timeframes. We know with this year long crash, the cat will at least bounce. Maybe not too high, but at least a little.
BABA is interesting because it's truly a multinational...
Looking at the global chart of Alibaba Group shares, it appears that the 38% corrective fall is reaching its logical conclusion.
During the fall, each renewal of the minimum was accompanied by a decrease in trading volumes, and the "Bullish Pennant" pattern is formed on the chart itself.
The target for working out such a pattern is in the region of $265-285,...
I am expecting to see a double top form around the 08 area and ill take my proffits
then Ill likely go short first target down lower at 79.66
2nd target lower @ 74.15
what are your thoughts?
