Symmetrical Triangle ALI BABA - Crucial Moment

29 Nis 2021

The day before they post their earnings, BABA shows a symmetrical triangle, which is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
Crucial Moment!