Bearish trend line on ALIBABA

27 Okt 2018

We can see that in the ALIBABA chart, in a 3-hour timeframe, a bearish trend line has been formed that has already been tested 5 times and has been maintained. In addition, the indicator Rate of Change (ROC) confirms the trend, so we can establish a short position when prices are close to the trend line and evaluate how much more the trend can be maintained, establishing a stop loss a little more above the trend line but without establishing take profit to try to get the most benefit possible