BABA Bat pattern in play. Take profile at leg C $130. However, RSI already indicates oversold, so it may not reach TP target.
Trade active
Falling trend continues and broke 0.3 fib retracement ($150 range).
If we entire $145 zone can slowly start to close short and add long position.
Note
Better graph.
Oversold now but I think after short rebound will continue down to $145.
Trade closed: target reached
$147 reached.
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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.