BABA, Insane setup on the Weekly, Options Play
Falling Wedge
Perfect Eliot wave count on the way up 1,2,3,4,5,
ABC correction wave
Lingering at the 200 EMA and SMA (previous bounce zones)
MACD rising from the beginning of the year
RSI < 35
IV on call contracts is historically low, buying OTM August opex
Perfect Eliot wave count on the way up 1,2,3,4,5,
ABC correction wave
Lingering at the 200 EMA and SMA (previous bounce zones)
MACD rising from the beginning of the year
RSI < 35
IV on call contracts is historically low, buying OTM August opex