LeiTT

LeiTT

-Wave 4 is a correction sideway with 3 structures of wave A-B-C - From 19 Jan 2021 to 19 May 21 is just part of wave A of wave on level up - Expected B (more complicated structure of sideway ) is expected - Trade with support & resistance level

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Wave 4 (blue) might ended on 21 Apr and wave 5 impulse upward might be underway. Confirm wave 5 once price above190.40. First target : 200.60 (recent high )

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Invalid wave count - if price go below of 21 Mar 2021 : $40.67 Upward continue If Price closed above upper trendline i.e. End of consolidation triangle wave (4)

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Overall in uptrend with many over lapping price action! Possible is that last leg of impulse wave 5 could be undergoing Ending Diagonal. Target for Last leg of wave 5 - upper trendline

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- Recent Low of below 60 could be the end of correction Wave 2 ( BLK) -Price move above 65 would indicate the impulse upward moment of wave 3 (BLK) is arriving - price above 80 with momentum, Volume --> indicating of Very Bullish market trend

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- Price still below MA 50 (Bearish) - Consolidation for a long time and it is at critical Support level on 4Hr or Daily chart - 2 Scenarios from current level (a) Closed Above 26.50 : more toward Upside (b) Closed Below 24 : Downside with target of 21

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- Recent correction wave 2 (blue) might be ended on 25 Mar with above 50 MA - On 26 Mar price moved bullish up - Indication of wave 3 (blue) might be underway

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Previous Analysis of wave 2 (blue) was anticipated too early. Lower degree of wave & was completed (magenta). Wave impulse upward should be underway New target is 36.82 where wave 3 (blue) reaches 1.618 of wave 1(blue).

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As per wave count, it is bullish and upward continue as impulse wave (3) . From trendline perspective, it is also breakout from consolidation.

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Target 1: 297~ 300 Target 2: ~ 320

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New impulse 5th wave just started Target: 122 ( wave (5) = 1.618% x of wave (1)) Invalid : 78.25

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Uptrend continue.

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Correction had completed and Wave 5 impulse is underway. Target: Upper trendline

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TSM: Target: 150 to end wave (5)

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Correction just ended. Wave 3 impulse is started.

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Once 98.59 support is broken on weekly chart next support is 80.30 which is also 38.2% Fibo level of the up trend.

LeiTT Updated 

LONG- once it break from current sideway range bet( 28.40- 30). Wave 2 was done on 22 Dec as shown on chart, and it is starting of wave 3. This wave count invalid once price fall below 26.35.

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NYSE:BABA 5 wave impulse was ended on Oct 2020 Currently, BABA is going through retracement A-B- C. A - was done @ 209 on Dec 2020 B - upside or sideway is on the way.