Downward to 110? for NYSE:BABA by ricemarine

Harmonic Patterns Chart Patterns

harmonicpatterns chartpattern

We broke through .886 for XD, leaving 1.618 left for a bullish crab (C to D in motion)
BABA has been in a downtrending channel since Februrary.

Both of these point to ~110 ish as the next target

Comment:

Strong downward pressure with volume to break through the $130 support.

Comment:

In the target zone.

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