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$BABA | Double Bull Flag Breakout: Is The Correction Finished?

formed a second bull flag after breaking out of a large descending channel. Watch for a bounce from the bull flag structure retest above $252.

If market weakness continues then we may see a deeper correction as low as $244 (lower blue zone) where we can look for alternative entries.

Initial target is $290 to fill the gap. Secondary is $302 based on structure. Invalidation below $240.

Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽

AidanMDang

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