Thoughts on BABA?
Hey guys!!! What do you think of this setup $BABA-SW(09988.HK$
On the H4, prices are moving below the ichimoku indicator, giving me a bearish bias that prices will drop from sell entry at 90.90 where the 38.2% Fibonacci retracement, 61.8% Fibonacci projection and swing high resistance are to my take profit at 79.70 in line with the swing low support. Alternatively, prices may break entry structure and rise to the stop loss at 102.00 where 100% Fibonacci projection, 61.8% Fibonacci retracement and swing high resistance are.
Entry:90.90![]()
Take Profit: 79.70![]()
Stop Loss: 102.00![]()
$Alibaba 5xLongSG230329(DKCW.SG$
$Alibaba 5xShortSG230330(DAJW.SG$
On the H4, prices are moving below the ichimoku indicator, giving me a bearish bias that prices will drop from sell entry at 90.90 where the 38.2% Fibonacci retracement, 61.8% Fibonacci projection and swing high resistance are to my take profit at 79.70 in line with the swing low support. Alternatively, prices may break entry structure and rise to the stop loss at 102.00 where 100% Fibonacci projection, 61.8% Fibonacci retracement and swing high resistance are.
Entry:90.90
Take Profit: 79.70
Stop Loss: 102.00
$Alibaba 5xLongSG230329(DKCW.SG$
$Alibaba 5xShortSG230330(DAJW.SG$
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