$BABA TOP 20
Added 2024-10-13 17:02:04 +0000 UTC$BABA still showing relatively strength against the Chinese positions we regularly upload, the price has found support on the 0.236 Fib and has tested this level 3 times now
We could see a further bounce from here but we want it to reject from making a higher high and come back down to the 0.38 Fib
This is the theory that we follow
Yes Wave 4's can complete on the 0.236 Fib but we must see 3 waves in the pull back and I am not seeing that, unlike $BIDU....which is why we added this week
I don't bend on the theory, it protects my strategy and I am still 80% still in $BABA and back to 100% in $BIDU.
If $BABA runs from here to Wave 5 at the 2.618 Fib at $129, great, I'll add when the ABC correction completes
