United steel could go on long run supported by united state tariff on steel imports, and chart shows a clear breakout + EMA50 & MA200 positively crossed, breaking down the red line @40.50$ invalidate the expected movement.
I think BABA share price will start reversing, a diagonal triangle wave structure have almost completed, breakdown the down triangle line confirms the pattern and a good sign to short and another sign have given by showing a clear diverganse on MACD.
probability to configure head and shoulders pattern if the price can rebound up and break through the down price channel above 1303$ , then the target will be arround 1350$, breakingdown the support level will cancel the idea.
BABA closed below EMA50 1H chart.
Price first target 177.86 second 175.75$ closing below may lead price to test 173.63$ (0.618Fib) completing the forth wave on the expexted pattern on daily chart.