Hello friends
In Alibaba stock, we see the formation of a 5-wave impulse pattern, whose waves 1-4 have been completed.
The alternation between wave 2 and 4 is also observed.
So we expect the growth of the share in the majority of wave 5.
Basically, wave 5 is not as fast and sharp as wave 3 and is usually slow and sluggish, but we expect the share to grow to $88.
Consider the stop loss range of $73, because the upward trend has been broken and wave 4 has entered the range of wave 1, which invalidates our theory.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
In Alibaba stock, we see the formation of a 5-wave impulse pattern, whose waves 1-4 have been completed.
The alternation between wave 2 and 4 is also observed.
So we expect the growth of the share in the majority of wave 5.
Basically, wave 5 is not as fast and sharp as wave 3 and is usually slow and sluggish, but we expect the share to grow to $88.
Consider the stop loss range of $73, because the upward trend has been broken and wave 4 has entered the range of wave 1, which invalidates our theory.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Trade closed: target reached
Now is the time to risk free.To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
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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.
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.