ALIBABA is breaking out of structure, look for continuations
Hello traders:
Looking at BABA for more buy potential opportunities.
Overall we see the price action had a move up, and started to form this larger, deeper correction on the higher time frame.
Latest price action sees a potential breakout of the structure, good sign for more bullish momentum.
As always, dont jump in the trade just because it broke out. Wait for confirmation correction to develop on the lower time frame before entering is the right management.
Thank you
Looking at BABA for more buy potential opportunities.
Overall we see the price action had a move up, and started to form this larger, deeper correction on the higher time frame.
Latest price action sees a potential breakout of the structure, good sign for more bullish momentum.
As always, dont jump in the trade just because it broke out. Wait for confirmation correction to develop on the lower time frame before entering is the right management.
Thank you
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Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
