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BAIDU INC

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B1C trade ideas

$BIDU's 4th "W" pattern might fail again!1. Since May 2018 till now, BIDU has experienced 4 "W" pattern, but the former 3 all FAILED! 2. yesterday, its 4th W pattern's right wing almost touched the resistance line again! 3. more importantly, yesterday's candlestick is a Doji Star, which reprecents a incoming reverse! 4. Also, it stands on another resistance line since 29 Oct., strong pressure is ahead. So, SHORT! Now that, the target? 1. According to the former 3 W pattern, the bottom of the former W pattern always stands between the 0.5-0.618 area in Fib retracement whose top is the right-wing of W and the bottom is the retracement target. 2. So, this time, the target would be set between 143.52 - 138.05. 3. the lost-win Ratio is between 3.39-4.11
NASDAQ:BIDUShort
by yeungshawn