Hello! BABA triggered for hitting a daily demand zone with this gap down. I am looking at a possible consolidation or bounce followed by a run towards 293-299.
If this does play out you could potentially play a short if 293-299 gets rejected for a possible head and shoulders pattern with a stop of the break above 300.
There are a few gaps below us that with the right market sentiment I see the possible head and shoulders playing out to fill them for the next long leg up.
Remember risk management is most important! Trade safe and keep on🤙
If this does play out you could potentially play a short if 293-299 gets rejected for a possible head and shoulders pattern with a stop of the break above 300.
There are a few gaps below us that with the right market sentiment I see the possible head and shoulders playing out to fill them for the next long leg up.
Remember risk management is most important! Trade safe and keep on🤙