$BABA Inverse Head & Shoulders

31 Mar 2023

BABA IH&S, neckline at $120, possible initial rejection (sell in may & go away) then hit $180 breakout target by fall. I took the fractal from the left shoulder and flipped it. I've been doing tons of IH&S patterns, but missed this one, shoutout JaviCharts on Twitter for pointing this out! We both posted this at the low of the right shoulder at $80 about a week ago.. Follow me on Twitter ChartingGuy twitter.com/ChartingGuy to get trades and chart updates sooner.