BABA: Wave 4 flat in progress. Expect BABA to retest $165 to Short

NYSE:BABA1W

Alibaba Group Holding LimitedNYSE

Description

⋅ Dec 11, 2017 7:31 PM

complete wave 4. After that Wave 5 up.

Wave Analysis

Comments

cher9al

⋅ Dec 14, 2017 3:27 PM

Hi Will - do you still think it'll be a short after today / this week ? or do you see it retesting 170 then up ?

Will_Wong

⋅ Dec 15, 2017 2:37 AM

@cher9al, I expect a flat abc correction which means c should test $165. That is what the chart shows. I could be wrong. I am still holding Dec 22 BABA $170 puts.