Back in February, we discussed how 
BABA was approaching the final stages of a reversal pattern. That call has now been confirmed with the structure concluding at $117. What followed was nothing short of explosive—a 51% upswing rally that’s currently unfolding with strong momentum. 📈
Note: The stock bounced twice off the 50-week moving average, signaling strong support as the correction neared its end.
The chart highlights the projected targets for this new rally, and for transparency and educational value, the internal wave structure and labeling have been intentionally left visible. This is especially insightful for traders exploring Modern Trading Algorithms and their structural variations.
Let the rally do the talking! 📊. 🚀
Happy Trading!
BABA was approaching the final stages of a reversal pattern. That call has now been confirmed with the structure concluding at $117. What followed was nothing short of explosive—a 51% upswing rally that’s currently unfolding with strong momentum. 📈Note: The stock bounced twice off the 50-week moving average, signaling strong support as the correction neared its end.
The chart highlights the projected targets for this new rally, and for transparency and educational value, the internal wave structure and labeling have been intentionally left visible. This is especially insightful for traders exploring Modern Trading Algorithms and their structural variations.
Let the rally do the talking! 📊. 🚀
Happy Trading!
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.