ALIBABA has progressed in impulsive 5 wave fashion and is retracing on a 3 wave decline with wave (c) as a potential ending diagonal .
* Wave c of B ending diagonal
* RSI divergence (typical for ending diagonals)
* Retracement close to 0.618 (typical for wave 2 / B)
* Price has potential to move upwards in the coming sessions north of 94