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Will_Wong

BABA: A Huge iHnS is printed and it broke past the neckline

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
Will_Wong Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Wave Analysis
9
2
waveanalysis
today. However it also seems to have printed a leading diagonal. A leading diagonal tends to retrace very deep. Today it broke past the neckline on a rule of 4 Breakthrough. It is knocking on another trendline too. The primary count shows a wave (2) retracement of 61.8. The alternate count is a 1-2, 1-2.
Comment:
Micro count with 3 possible counts. First two is a retracement of 50% and trendline holding. Third is a retracement of 61.8%

snapshot
Comment:
Comment:
Looks like a triangle is being formed.
snapshot

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