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VaughanAdams
3 kwi 2018 18:11

BABA 1hr wedge down 

Alibaba Group Holding LimitedNYSE

Opis

Title pretty well sums up this idea.

BABA currently has formed a wedge down around previous areas its bounced. If you dont know what a wedge down pattern is, search it

Would like to see some green days before going long. Keep in mind, it has not showed signs of breaking its current downtrend yet on the hourly, and may very well continue to go down. However, speculatively, it is at previous support with a pattern that tends to work well.
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