$BABA
Added 2023-06-26 16:34:20 +0000 UTCPositive movement today, we wanted to see a bounce at or above the 0.618 Fib and most importantly above the wedge, so far is has done this but we need to see more momentum now with this. Price action is just holding at the 200 Day MA on the 1hr chart now, the big level for us to watch is getting above the blue line at $88, which is also where the 50 Day MA is too.
I am watching this pullback from $94 as a potential Subwave 2 count, it is still developing I think so I do not believe it is complete just yet, I will be watching this and updating all week so I will keep everyone informed with any developments.
Comments
Thanks 🙏🙏🙏
AD RK
2023-06-26 16:39:58 +0000 UTC
