Pull back now from $BABA so we can add more subwaves, if we look at Subwave 2, we can see that its pullback was shallow to the 0.38 Fib, so if we apply the same process to Subwave 3, the 0.38 Fib is at $97.65 in white.
So it is possible to come back to this point for Subwave 4 before going higher for Subwave 5, the next Fib levels in white are relevant here too as support levels to watch.
This impulse structure has potential to move to $108 or higher before completing its ABC count.
Harry
2023-04-03 20:05:10 +0000 UTCGareth Neary
2023-04-03 19:09:26 +0000 UTCKatherine D. Matheson
2023-04-03 18:17:39 +0000 UTC