NYSE:BABA   Alibaba Group Holdings Ltd.
this is an update to my last idea. I advised getting short at around 180. This chart shows in my mind an extended A wave that is correcting a falling wave 5. I think that we are going to stop going down and hold around 158-161. I believe we will see wave B take us to at least 175 perhaps even to 180. I would go long at 160 and look to sell and get short around 175.

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