Jul. 11 at 8:40 PM
$BIDU One of the more interesting reversal charts in the market right now.
The weekly structure caught my attention after price reclaimed a key support zone following a breakdown. Failed breakdowns often trap sellers—and that can fuel powerful upside moves if momentum continues.
My technical roadmap:
Support successfully reclaimed
Weekly trend improving
Next major upside zone sits around the
$150 area if buyers stay in control.
One more thing: the classic Head & Shoulders pattern isn't always as bearish as traders think. Historical CMT research has shown failed breakdowns can often lead to strong reversals as short positions get squeezed.
I'm watching
$BIDU closely. Sometimes the best trades come from failed patterns, not perfect ones.
