This is a little early of an entry, but the BABA chart looks similar to ANF which is a little farther along (the neckline has already been broken).
There is a good possibility that BABA will bounce down from the neckline, but it shouldn't go lower than the Right Shoulder. A more conservative entry would wait for the neckline to break before entering long.
There is a good possibility that BABA will bounce down from the neckline, but it shouldn't go lower than the Right Shoulder. A more conservative entry would wait for the neckline to break before entering long.
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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.