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Will_Wong
Jul 9, 2020 6:28 AM

BABA: A Huge iHnS is printed and it broke past the neckline  Long

Alibaba Group Holding LimitedNYSE

Description

today. However it also seems to have printed a leading diagonal. A leading diagonal tends to retrace very deep. Today it broke past the neckline on a rule of 4 Breakthrough. It is knocking on another trendline too. The primary count shows a wave (2) retracement of 61.8. The alternate count is a 1-2, 1-2.

Comment

Micro count with 3 possible counts. First two is a retracement of 50% and trendline holding. Third is a retracement of 61.8%

Comment

Comment

Looks like a triangle is being formed.
Comments
Bearypatch
Can you dumb that down for me a little, I am still a learning but up 40% for the year on trades
. I sold all at 268 bought in at 181 but I sold thinking its going to retrace down and try to buy back in the 240 rang
AfuOptions
Sad that I profited between 250-260. What crazy strength.
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