Alibaba is showing a Rounding Bottom Formation which is Bullish.
Often called a Smiley Face and has a 66% potential to the Upside.
A Frowny Face or Rounding Top is the Opposite with a 66% chance to the Downside.
This is a Longer Term Study.
Often Conviction and Patience along with Market Sentiment trend knowledge is required with careful timing to gain maximum Returns.
I use the TREND CLOUD Indicator to assist me with my decisions' across 2 - 3 time frames to see the larger Trend. I also often switch to the simple line view to expose certain patterns of interest which can be hidden within Candle Clutter.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Often called a Smiley Face and has a 66% potential to the Upside.
A Frowny Face or Rounding Top is the Opposite with a 66% chance to the Downside.
This is a Longer Term Study.
Often Conviction and Patience along with Market Sentiment trend knowledge is required with careful timing to gain maximum Returns.
I use the TREND CLOUD Indicator to assist me with my decisions' across 2 - 3 time frames to see the larger Trend. I also often switch to the simple line view to expose certain patterns of interest which can be hidden within Candle Clutter.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.