BABA could be changing trend.
It's retesting the 3Day 200 SMA.
The Point of Control (POC) represents the price level with the highest traded volume within a given range, making it the most significant level of price acceptance
When price retests a previously broken (VRVP) level and holds:
It suggests that the level has flipped from resistance to support (if price is above) or from support to resistance (if price is below).
If the S/R flip is a fakeout, we could go to the bottom of the pattern.
If we can hold the point of control, the trend could be changing.
Test overhead resistance again and eventually reach the top of the pattern.
It's retesting the 3Day 200 SMA.
The Point of Control (POC) represents the price level with the highest traded volume within a given range, making it the most significant level of price acceptance
When price retests a previously broken (VRVP) level and holds:
It suggests that the level has flipped from resistance to support (if price is above) or from support to resistance (if price is below).
If the S/R flip is a fakeout, we could go to the bottom of the pattern.
If we can hold the point of control, the trend could be changing.
Test overhead resistance again and eventually reach the top of the pattern.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.