This is what I am waiting for with $BABA, to see if it will test the 0.78 Fib at $71, so far it is in a strict channel down here to this level so I am making no moves here until I see a retest or a breakout of this channel....there is no rush here, lets be greedy for confirmation because we do not want this to lose the $71 level.
The market may also need to digest the downgrade to the Chinese economy today too.....remember, this also happened to the US economy over the last 2 months and this had no effect on the market bull run in the US.
Gareth Neary
2023-12-06 19:10:36 +0000 UTCJoey
2023-12-06 18:22:54 +0000 UTCFAS
2023-12-05 19:02:57 +0000 UTC