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.