$JD like a number of chinese stocks, is pulling back still for its Wave 2 and it is struggling again in its PM now too, I have Wave 2 coming down to the 0.78 Fib next at $33.54 but it can move lower, as long as it does not go below the previous low at $31.61 which would invalidate the count.
A lot of Chinese stocks are crying out for help now, they are hampered by weak growth in the economy and a currency under threat, Chinese policy makers should be using the tools at their disposal now.