$BABA
Added 2023-06-29 07:53:36 +0000 UTCI believe this Subwave 2 is still not complete yet and like I mentioned yesterday, I expect the 0.618 Fib to be reached at $84.11, which is a typical spot for any wave 2's to pull back to.
We want to see this stay above the wedge and keep its structure.
Geopolitical tensions have come back over the last few days between the US - China....mainly directed from the US only. However, the structure is still in tact.
China has been flirting with releasing a stimulus package and a number of news outlets have mentioned this now but we are still waiting for the announcement.
No changes here to the plan, I am holding and once I see signs of revering, I will add again, we are still below the 200 and 50 Day MA here so I am not seeing these signs just yet, this can all change quickly.
Comments
The blue moving line is the 50 Day MA and the 200 Day MA is the yellow moving line. This is the same on all charts
Gareth Neary
2023-06-29 20:11:43 +0000 UTCwhat's the 200 and 50 day MA? please
Gopal
2023-06-29 16:28:58 +0000 UTC
