#BABA #DJ30 #GRAB Weekly Stocks Technical Analysis + Fundamental Headline News
Price did not play out as analyzed last week, and has broken multiple structures to the upside. I'm expecting price to potentially target the bearish POI at 121.30 next. Price could also do a bearish retracement into the fair value gap at 92.06 before continuing higher.
Price mitigated the current bearish POI again since my analysis last week. Volume is decreasing on this mitigation, as well as on the up moves. Price is also building sell-side liquidity on the lower timeframe, which will be taken once we have a confirmation for price to go lower.
Price played out nicely as analyzed last week, mitigating the bearish POI at 3.31 and strongly rejected the POI. From here, we still do not have a confirmation for price to go lower, but my bias is for price to continue lower into the bullish POI at 2.49.
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Interesting to see how this plays out