Alibaba:Spotted Inverted Head& Shoulder
Updated
Alibaba:Spotted Inverted Head & Shoulder in 4H time frame chart.
Downtrend structure has also broken. It started forming uptrend structure.
After forming inverted head and shoulder, currently market is trading near support zone of 85$.
A bullish movement is expected, upto the level of 106$.
One may take the long position at current market price, market may test the resistance levels of 106 in upcoming sessions.
On lower side market may test the levels of 74$.
Downtrend structure has also broken. It started forming uptrend structure.
After forming inverted head and shoulder, currently market is trading near support zone of 85$.
A bullish movement is expected, upto the level of 106$.
One may take the long position at current market price, market may test the resistance levels of 106 in upcoming sessions.
On lower side market may test the levels of 74$.
Trade closed: target reached
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