Channels and TrendlinesIn this video I offer a tutorial on how to identify and draw channels, trends, and trendlines on various timeframes.
BABA trade ideas
Channel DownBABA appears to have fallen from a Head and Shoulders pattern quite a while back and has been in a long channel down. The head and shoulders is easier viewed on a weekly or monthly chart (posted below). The Head and shoulders top is a large structure and price has hit the 100% fall mark and continued down to the 1.113 of the pattern. The 1.272 and 1.618 fib levels are marked below price.
A channel down will continue down as a rule unless price breaks the top trendline of the channel which may be a buy signal, or the bottom trendline which would be a sell signal. Price has been zig zagging back and forth between the two trendlines for a long time with breaking either trendline. This has caused a slow, but steady decline.
No recommendation.
Short percent is 1.47% depending on where you look.
If price continues in this regressive channel, price could go much lower, especially if it does not bottom out at the 1.113 where price stopped the last trip down to the bottom trendline.
Baba Ali Baba Buy NowAccording to my chart analysis , Baba Ali Baba Show strong signal to buy , buy max as you can .
BABA - Long Term EntrySimilar drops in red, the first and the third are the most comparable
The third drop has pushed price down, right back to the first drop point
A new cycle should proceed, as this pattern sequence completes itself
BABA Potential for bearish momentum | 26th May 2022With prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our sell entry at 92.71 where the horizontal swing high resistance is to our take profit at 78.53 in line with the overlap support, 61.8% fibonacci projection and 78.6% fibonacci projection. Alternatively, price may break entry structure and head for stop loss at 101.38 where the horizontal swing high resistance and 50% fibonacci retracement are.
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Long BABA Finally BABA has reached its big 161. Not only reached it, held it and tested it. I like that. I'm a BABA buyer. Stop loss if the 161 breaks (If the 161 breaks this can go to hell). Also selling puts on BABA with same stop.
alibaba on interesting range which side can break its totally up to market but price looking interesting friend you can check its for tomorrow ....
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Break or Bounce?Price is back at support level after having falling a lot since its all time high! I am opening a long position on Monday! If price obliges and give me a quick 10% + profit over the next few weeks I will take it ! Markets are very tricky at the moment and I will not stick around to long! If I am wrong, I will be happy to add more at a lower level for a longer term view ! That's just me :)
BABA 1DAfter the rain trend, they are expecting a serious rise. For me, this is already pointing north. NYSE:BABA
BABA Potential for bearish momentum | 20th 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 38.2% Fibonacci retracement and horizontal swing high resistance is to our take profit at 79.90 in line with the 61.8% Fibonacci projection and swing low support . Alternatively, price may break entry structure and head for stop loss at 101.82 where the horizontal swing high resistance and 100% Fibonacci projection is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
another rejection at resistance? -.- if we break above trend resistance I will be targeting 95-150, but if history repeats and we see a rejection then the targets are 65.76-46.68-27.6
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BABA, a beautiful example of ANTI complete cycle !BABA is a beautiful example of ANTI complete cycle !
Many Elliott wave practitioners are not aware of different types of wave cycles ! They may consider themselves as a genius in a bull market ( As everyone else !! ) but suddenly thing change and they can not understand what is happening in a stock or market !
On the left side of the chart there is a schematic drawing showing an ascending complete cycle . In this well know wave cycle waves go up in 5 leg and go down in 3 legs. Correction will never go below the start of wave cycle in this type ( does it go in some other types? of course goes ) !!.
Many investors and traders were hoping for this cycle ( and may be were not aware of alternatives ) in BABA, opened long position at the possible end of wave 4 at related retracement levels and now have lost huge amount of money !!!
An ascending ANTI complete cycle is shown on the right side of the chart. In this cycle waves go up in 3 legs and go down in 5 legs and correction will never go below the start of the wave cycle. Does BABA play like this wave cycle? So far yes.
Is there any other alternative ? Of course yes ! please note we have many other types of wave cycle and we just showed two of them here !. For example, we have neutral or descending antic cycles ( for example of descending anti cycle see my related idea about BROS stock ).
It is worth to note many Chinese stocks like TIGR and XPEV showed anti cycles and this is not a surprise as BABA is leading Chinese stocks in the market.
Things sound complicated? Yes they are ! but we can extract many useful tips among all these complications :
1. Overconfidence is dangerous ! always set stop loss . Things may change suddenly in a way that we did not predict.
2. Be mindful there are many types of wave cycles . Things are not as simple as they may seem at first look.
3. Do not jump blindly into a long position after apparent up going 1 2 3 form of wave !
4. Retracement more than 50 % in what we consider a wave 4 is a dangerous warning.
We can add many other implications to the list by thinking deeply about different types of wave cycles. Hope this publication to be helpful.
Good luck every one !
