It should not surprise you that some Chinese names are getting hit relatively harder after a shaky start to trade talks with China. Alibaba $BABA for example went 180, going from a bullish breakout to a bearish breakout.BABA Daily Chart(click to enlarge)Pullback- Since February, price was forming an ascending triangle. - Last week, price broke and closed above this triangle by the close of Friday (5/3)- However, price retreated sharply this week, and broke below the triangle.- I think the short-term we will see some further downside.Double Bottom:- Note that there was a large double bottom at the end of 2018 into January 2019. Price broke above this pattern by February.- If price returns to the $164-$170 area, it would be testing the upper part of the price bottom. Holding this support here maintains upside towards $200-$210 on the next bull wave. - A hold above this area would confirm the price bottom. Below $160, we might be looking at a return to the lows around $130.BABA Weekly Chart(click to enlarge)