BABA - Bullish Crab pattern completing lower

At this moment, the charts seems to be showing us that it is at a Support turned resistance zone.
I see price potentially dropping further to complete the Crab pattern at around the $138 levels.

Let's see where this goes.

Dagangan aktif:

Actually I took a small trade as the price when down. Having a target of $138 for my short before I go long based on this chart

Dagangan aktif:

Here was where I shorted (at a resistance)

Dagangan ditutup: sasaran tercapai:

Closed off my shorts !! Really nice move without much of a heart attack. Ladies and gentlemen..... I believe the stock market will be recovering for the coming next few days.