BABA - Wait For The Trigger!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

BABA is sitting around strong weekly support and round number 200.0 in green so we will be looking for buy setups.

on H4: BABA formed a valid channel in red but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.

Meanwhile, until the buy is activated, BABA would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich