BABA, Potential for bearish momentum | 19th May 2022On the H4, with the price reversing off the ichimoku resistance, we have a bearish bias that price will drop from our sell entry at 92.84 where the horizontal swing high resistance and 38.2% Fibonacci retracement is to our take profit at 79.90 in line with the horizontal swing low support. Alternatively, price may break entry structure and head for stop loss at 101.82 where the horizontal swing high resistance is.
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