$BABA TOP 20
Added 2023-10-08 15:52:10 +0000 UTCWe need to remind ourselves of the big picture here with $BABA, over the last 2 months, it has gone from $102 down to $86 now, maintaining its structure and relatively moving sideways.....$AAPL went from $198 to $167, an almost identical decline in terms of percentages...no company was safe from this Wave 4 pull back and it was particularly grueling because it was double the length of Wave 2....which is not always common, it is usually the other way around.
This subwave pull back here on the chart is so far holding the 0.78 Fib and the 0.65 Fib is at $86.60, the price came close to this level on Friday, so we want to see a continuation of strength next and most importantly getting above the blue line next at $88.
Above that it still has the 50 and 200 Day MA's to get above but first things first.
