This is a textbook example of inverse H&S. Currently in Nov 28C & 30C monthly calls. You can wait for a pull back too if you want.
Price Targets are marked. SL is back under the break out. I'll move us SL once PT 1 is hit.
If markets get shaky then there's a different story.
BABA should be back to $200 EOY as long as trends are able to hold and break out of the purple gap that's seen.
If it breaks under the upward trend then we try to see if supports is help low of 2021
Taking Monthlys into October
Possible inverse H&S if it breakouts above these levels. may even breakout re test then run again. I would start a long position on this very small amount of capital
