Neutral until broken.
The white line is a measure of a 100% fall from the very old Head and Shoulders pattern that BABA formed eons ago.
It is possible for price to fall more or less than 100%.
The white line is a measure from the neckline to the head of this pattern. This has tried to turn up almost exactly at the bottom of the white line!
Unbelievable but price must have memory.
That does not mean price can not go lower. I just thought that was worth noting.
The H&S is way, way, way up there!
The H&S pattern is easier seen on weekly so I will post a weekly chart below.
No recommendation.
The white line is a measure of a 100% fall from the very old Head and Shoulders pattern that BABA formed eons ago.
It is possible for price to fall more or less than 100%.
The white line is a measure from the neckline to the head of this pattern. This has tried to turn up almost exactly at the bottom of the white line!
Unbelievable but price must have memory.
That does not mean price can not go lower. I just thought that was worth noting.
The H&S is way, way, way up there!
The H&S pattern is easier seen on weekly so I will post a weekly chart below.
No recommendation.
Nota
Nota
1-4-23/Has broken up from the triangleNota
1-10-23/Overbought
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.