Alibaba(BABA) Elliott Wave analysis

Hello friends
In Alibaba share, we see the formation of a 5-wave, we consider these 5-wave as wave 1 or A.
After these 5 waves, we see a zigzag whose wave B is formed in the form of a triangle.
Triangles are very common in wave B.
Therefore, after wave B, we expect wave C, which has been formed, but wave C must be completed, and after that, we can enter the buy trade.
I have drawn a channel where wave C is at the bottom of the channel and I believe that wave C has probably ended.
After this zigzag, we are waiting for the rise and growth of the price in the dominant wave 3 or C in this share.
So, by forming an upward trend in a smaller time frame, you can enter into a purchase transaction by observing the loss limit.
The target price of the share is 77, 80 and 87 dollars, respectively.
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