Projections for $BABA by EOW
This asset in particular is being monitored heavily by Bulls. So, when it breaks, it will break quickly, but below are all the mandatory points of procedure when it comes to this type of consolidation. The asset could fall below your entry, to a double bottom on the longest wick of this triangle. Set this as your stop loss because anything below this and it’s still hosting too much outflow.
I’m case this does fall below your stop, In the future on the way back up, these trend lines will remain the same. So an entry could later on be determined from these charts.
Thanks for the read! Let me know your thoughts.
I’m case this does fall below your stop, In the future on the way back up, these trend lines will remain the same. So an entry could later on be determined from these charts.
Thanks for the read! Let me know your thoughts.
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.