$BABA TOP 20
Added 2024-10-08 11:10:06 +0000 UTCPlease read the HSI chart I uploaded today when reading all Chinese ADR positions uploaded today
$BABA's pull back right now in the PM has not been as strong as the HSI so far or the other ADR's and has not reached its 0.236 Fib either but the market is not open yet so this can still come.
The pull back target for Wave 4 is always the 0.38 Fib which is conveniently perfectly at $100 right now, I have added the BUY ZONE in between the 0.38 - 0.5 Fib levels but we know that this is only conditional once support is found, do not forget this point, if support is not found at or above the 0.5 Fib, we don't add, we wait for a further pull back.
Please remember this point and you won't be caught out if the structure breaks down.
I will alert when I add. Today and mainly this week I will be doing nothing else except watching and sitting on my hands until we get close to $100
Wave 4 can easily take another 2-3 weeks to complete too, Wave 2 took well over a month.
Wave 5 is at $129, so there is a 29% gain once Wave 4 holds where we expect.
