BABA 4D: XABCD / 30%+ correction next / short it(NEW)

20 июн. 2020 г.

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BABA 4D: XABCD / 30%+ correction next / short it(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: BABA 4Days/candle chart review
::: XABCD pattern in progress
::: 30%+ correction up next
::: both options valid (left/right)
::: slight push higher possible
::: before we top out next
::: TP bears is 30% correction
::: point D near 145
::: correction can last 6-12 weeks
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH