$BABA | Double Bull Flag Breakout: Is The Correction Finished?
$BABA formed a second bull flag after breaking out of a large descending channel. Watch for a bounce from the bull flag structure retest above $252.
If market weakness continues then we may see a deeper correction as low as $244 (lower blue zone) where we can look for alternative entries.
Initial target is $290 to fill the gap. Secondary is $302 based on structure. Invalidation below $240.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
If market weakness continues then we may see a deeper correction as low as $244 (lower blue zone) where we can look for alternative entries.
Initial target is $290 to fill the gap. Secondary is $302 based on structure. Invalidation below $240.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
