BABA double bounce Long (possible head and shoulders)
Updated
BABA Retested its R2 resistence now support line and bounce. Looking to form a slight head and shoulders pattern before heading to R3 / R4 higher highs.BABA just got added to HONG KONGS index today so we should be looking for an upgrade in price target soon.
Option A- We re test R2 again forming a head and shoulder pattern before we go test R3
Option B- We continue to follow up trend from the double bounce for R3 / R4
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Broken Head and shoulders were formed now looking to start its uptrend again hope everyone got a good entry on the shake off.Trade active
With the Chinese delisting news. Ive flipped the script cashed out on my calls and re entered into put side for this thing to crash down.
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