BABA, Potential for bearish momentum | 23th May 2022With prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our sell entry at 92.84 where the horizontal swing high resistance and 61.8% Fibonacci retracement is to our take profit at 79.90 in line with the 61.8% Fibonacci projection and 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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