Just something I have been observing on this Inverse Head and Shoulders chart for $BABA......we can see that a smaller Inverse Head and Shoulders pattern is also forming on the right shoulder too.
We will see how the market treats the interest rate news today for $BABA but this is something I am watching too.
The mean for $BABA is certainly at $120.
Buying below $100 is buying undervalued with a margin of safety.