Hello friends
In Alibaba stock, we observed a 5 micro wave after a complete correction
which was contrary to the descending rune
We call these 5 small waves wave 1 or A.
After these 5 micro-waves, we see a 5-wave with overlapping waves that is similar to a triangle.
Triangles are seen in wave 4 or B.
Therefore, in both scenarios, the share price should reach the range of 100 with 1.618% of Wave A.
1.618% Fibonacci is associated with a static resistance that increases the probability of reaching it.
Therefore, you can enter a buy position by setting a loss limit of about 70 dollars.
Be successful and profitable.
In Alibaba stock, we observed a 5 micro wave after a complete correction
which was contrary to the descending rune
We call these 5 small waves wave 1 or A.
After these 5 micro-waves, we see a 5-wave with overlapping waves that is similar to a triangle.
Triangles are seen in wave 4 or B.
Therefore, in both scenarios, the share price should reach the range of 100 with 1.618% of Wave A.
1.618% Fibonacci is associated with a static resistance that increases the probability of reaching it.
Therefore, you can enter a buy position by setting a loss limit of about 70 dollars.
Be successful and profitable.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.