$BIDU
Added 2024-10-22 10:02:30 +0000 UTCI am not happy with $BIDU's pull back as a Wave 4 now, since the pull back is below the 0.618 Fib and bordering on infringing below the top of Wave 1, I can not consider this as a Wave 4 pull back, so I have updated the chart.
It doesn't really change much for us because I believe this is in its ABC pull back now instead and we are searching for support for this pull back to complete.
I have brought up the 1hr chart here to show the impulse wave higher to $117 and the Wave 4 I have labelled now is small but a notable pull back.....and what's secured it for me is how high the price action extended into the Fib levels.....we can see that Wave 5 went in between the 2.618 - 3.618 Fib levels, which is more aligned with a Wave 5 and not a Wave 3 which we had previously counted this as.
$BABA and the HSI are aligned together and appear to be the benchmark for the market but not all of the ADR's are moving in the same count, eg. $NIO is not in Wave 4 either, but also in its ABC pull back.
For $BIDU, I want to see it hold on the outside of this yellow descending wedge or on the 0.78 Fib now at $87.
Not adding and not selling $BIDU either.
