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.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
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.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.