BABA is a stock that pays good respect to harmonic patterns as it went several patterns in a row since last December.
After its earning day rally, it's hitting the bearish bat area and gave a shooting star in front of 200 fig.
Frankly speaking , I am much more bullish on BABA based on its business,
so this pattern has more meaning to take profit on the long rather than opening a new short for me.
After all its a nice daily combination in terms of harmonic patterns trading, with abundant EMA correction rooms.
Let's see how it goes!
After its earning day rally, it's hitting the bearish bat area and gave a shooting star in front of 200 fig.
Frankly speaking , I am much more bullish on BABA based on its business,
so this pattern has more meaning to take profit on the long rather than opening a new short for me.
After all its a nice daily combination in terms of harmonic patterns trading, with abundant EMA correction rooms.
Let's see how it goes!
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.