daily downtrend still not end so it is inclined to bearish in short term. but it is still uptrend in weekly timeframe and bullish in monthly timeframe
$Alibaba(BABA.US$ previously my fault said that the daily timeframe pullback ends and confirmed, as I double check again the pullback for daily timeframe not yet end so it will range between 80 to 100 on a weekly timeframe basis and daily is bearish so it will incline to go down to test 80.
but weekly is uptrend and monthly is bullish.
and my entry 80 stop loss 73 still not changed, and tp open.
I will confirm once daily timeframe pullback ends and it will rise to potentially 100 or above real quick until then now still going to trap in a 80 to 100 range and more inclined on bearish side in near term which I will update my post again.
for your reference and my own forward testing purposes.
and my entry 80 stop loss 73 still not changed, and tp open.
I will confirm once daily timeframe pullback ends and it will rise to potentially 100 or above real quick until then now still going to trap in a 80 to 100 range and more inclined on bearish side in near term which I will update my post again.
for your reference and my own forward testing purposes.
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