Hi, I did my analysis for Alibaba. Since we stopped almost exactly at 61.8% of wave no. 1, we can be at the beginning of wave no. 3 with a target of 165 USD. This level makes sense on the weekly chart - it was an important level in the past.
Then I expect a corrective wave down to 134 USD. Again a very important level in the past.
Wave no. 5 should go to 185 USD, another important level in the past.
Then I expect a corrective wave down to 134 USD. Again a very important level in the past.
Wave no. 5 should go to 185 USD, another important level in the past.
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