ALIBABA ($BABA): Technical Analysis on daily chart

Hi everyone!
The main trend of $BABA is bearish on the daily chart, but most of the bearish momentum has already been worked on by the market. Having said that, even in the short term I remain bearish at least up to the support area, from there I cannot exclude some Reversal Pattern (see chart below). If this happens, an update to this analysis will be necessary because before trying to take a long position I want to wait for at least one clear signal (for example, an impulsive structure on the hourly chart).

POTENTIAL REVERSAL PATTERN
If we look at the Daily Chart, the support area could turn into something like a Right Shoulder of a potential "Inverted Head & Shoulders".

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Cheers!
N.B.: Updates will follow below