$BABA - UPDATE - When I intend to add.
Added 2023-03-27 16:37:57 +0000 UTCI know a lot of people are waiting to add here again on the pull back but SubWave 1 may be complete, I can not confirm this for sure just yet because the pull back has only just happened but IF it has started now, the fib levels as always we'll be watching for is between the 0.38 to 0.65 Fib for Wave 2. Ideally at the 0.618 Fib so we can add here for maximum gain.
I have started a position here when it held $80, I will be looking for it to hold for SubWave 2, if it can hold here, I will add again between $82 - 84, this is how to structurally add, waiting for the price action to hold important fib levels and then execute.
If it does not hold these levels, the last level to hold is $79.50, failure to hold this level and the count is invalid and it may come down to new lows. I have a stop loss set at $78.
Comments
How long does it need to hold these fib levels until you confirm, is it just until there are no drastic price changes?
Nick Jack
2023-03-27 17:05:03 +0000 UTC
