$BABA enjoyed this week and has moved perfectly in this Wave 3.
The retest of the wedge breakout provided the set up to complete Wave 3 and the price finished at the 1.618 Fib to end the week.
As always, this is where we would expect a pull back in normal circumstances but if the HSI continues to move higher to start next week, this may push this higher so I do not recommend playing these subwaves, I certainly won't be.
I would prefer to just add when Wave 4 completes.