Alibaba move into a very long downtrend
Very probably it will reverse soon
At the end of the channel an inverted Head & shoulder is forming right now
Check neckline breakout at 78$ and most importantly a close above purple trendline as a final confirmation of the new uptrend
Very probably it will reverse soon
At the end of the channel an inverted Head & shoulder is forming right now
Check neckline breakout at 78$ and most importantly a close above purple trendline as a final confirmation of the new uptrend
Note
Honk Kong closing give a very important bullish signalPrice moved inside ascending channel and bounced on border
Note
Note
Price broken down green channelup on USA and Honk Kong closing every possibility for a recovery on these daysNote
Honk Kong marketA symmetrical compression is going on...
I think it will break the long channeldown
When the new bullish trend starts it will be powerfull!
Note
Honk Kong... bottom triagle breakoutMaybe price will go down again to 65 forming a double bottom
Note
Breakout in Honk kong tonight, price get out of long channeldownProbably will happen the same in US today
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.