$BABA TOP 20
Added 2024-01-05 16:06:39 +0000 UTC$BABA pulled back also to its 0.618 Fib and held support so far.
A hold here and this pull back may be complete and we could start seeing a move up next and another attempt at the red line at $77 at the previous high.
I can see a 3 wave move down since $77, so this looks like a standard Wave 2 pull back.
Ideally we want the 0.618 Fib to hold, it can go lower to the 0.78 Fib (not shown) but this is a weaker Fib level for me.
I may consider adding to my position if the 0.618 Fib continues to hold.
