Alibaba (
BABA) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
With a rally of about +80% within a couple of weeks, Alibaba is clearly showing signs of bulls completely taking over. This pressure was not unexpected though after we perfectly witnessed the major trendline breakout a couple of months ago and a retest of the confluence of support.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
BABA) is perfectly respecting structure:Click chart above to see the detailed analysis👆🏻
With a rally of about +80% within a couple of weeks, Alibaba is clearly showing signs of bulls completely taking over. This pressure was not unexpected though after we perfectly witnessed the major trendline breakout a couple of months ago and a retest of the confluence of support.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
Сделка активна
Trading update on Alibaba (BABA):Click chart above to see the detailed analysis👆🏻
Slowly but surely Alibaba is also starting to reject the next major structure and overall just continues to basically respect every significant area. We can expect a drop of at least another -15% before Alibaba can then create another textbook bullish break and retest.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
Сделка закрыта: достигнута тейк-профит цена
Trading update on Alibaba (BABA):Click chart above to see the detailed analysis👆🏻
Volatility is always the first sign that we might actually see a short term shift in momentum. With Alibaba perfectly retesting a major resistance level and clearly faking out all short term traders, we can soon expect a corrective move lower and a retest of support.
Levels to watch: $140, $110
Keep your long term vision,
Philip (BasicTrading)
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Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.