$BABA has been barriaged with a number of negative catalysts lately but still manages to maintain its structure and stay in this Wave 3.
The latest is Bidens political game of implementing tariffs on Chinese goods, $BABA sells to the global system and this would be a fine line for Biden to take, considering China could retaliate with something that could hurt US companies next.
Price action pulled back on Friday from this news but not enough to test the breakout level yet $83.
No changes to my thought process here, I believe this continues moving higher to complete Wave 3 at $88.80.