Look at the BABA setup on hourly chart, it looks nice for Long setup
1 & 2 : divergence ... price is going down but vwma slope is going up
3 : vwma slope broke previous pivots trend line
4: once slope broke above (3) , price gapped up
Let me know what you think about this setup ...
1 & 2 : divergence ... price is going down but vwma slope is going up
3 : vwma slope broke previous pivots trend line
4: once slope broke above (3) , price gapped up
Let me know what you think about this setup ...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.