Going into an inverted Head and shoulder

Alibaba move into a very long downtrend

Very probably it will reverse soon

At the end of the channel an inverted Head & shoulder is forming right now

Check neckline breakout at 78$ and most importantly a close above purple trendline as a final confirmation of the new uptrend

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Honk Kong closing give a very important bullish signal
Price moved inside ascending channel and bounced on border

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Commentaire:

Price broken down green channelup on USA and Honk Kong closing every possibility for a recovery on these days

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Honk Kong market
A symmetrical compression is going on...

I think it will break the long channeldown
When the new bullish trend starts it will be powerfull!

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Honk Kong... bottom triagle breakout
Maybe price will go down again to 65 forming a double bottom

Commentaire:

Breakout in Honk kong tonight, price get out of long channeldown

Probably will happen the same in US today