Short term Elliott Wave view in Alibaba (BABA) shows an incomplete sequence from May 4, 2019 peak. The decline from there can either unfold as a zigzag or impulsive Elliott Wave structure. We use the impulsive structure as the chart below shows that the rally to $183.44 ended wave ((2)). This means, Alibaba is now within wave ((3)) lower. In Elliott Wave Theory,...
Elliott Wave view in Alibaba (BABA) shows that the stock has an incomplete bearish sequence from 6.5.2018 high ($211.7). The 100% target in 7 swing comes at $88.3 and this view remains valid as far as the stock stays below 12.3.2018 high ($168.8). Near term, decline from 12.3.2018 high ended a 5 waves structure in black wave ((1)) at $129.10. Above from there it...
Hi All, Hope all your trades are going well. Posting this chart because I see buying oppotunity for NYSE:BABA Entry NYSE:BABA: Exponential Moving Average (200) 122.09 The current RSI is showing close to being oversold, and starting to create a falling wedge Shortterm I expect the price to pullback, in a bearish breakdown There is a possibility that BABA has...
Ill link a video i made for the fam alongside this, so if you're more interested, check that out. It is about 10 minutes and has some info on the DJI also (2nd part of a 2 part video) Ima keep this straight forward. None of this surprised me. Before the trade wars even started I knew we would be back down. The only different, is that I did not think we would...
Alibaba stock MIGHT have entered its consolidation channel after that majestic 1 year Bull run. I see a good set up/entry with that bear flag forming on the 1H. The RR is really to take the risk on this trade. As usual if you have nothing constructive to add, keep the negativity out. Trade Safe!!
Short BABA to 185 the price is above the bb bands and macd is showing overbought. new highs on overbought reversal expected soon
First of all...I post this from my Mini-Pad. I am now even more a TradingView Fan then bevor! With my fat Fingers, its pissible to work this Chart...Fantastic!!! OK, back to work. Price reached the U-MLH after pulling back, right into the sellers. If price really starts to go south, I expect a nice trip to the CL. GN & sleep well P!
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron