In supercycle, BABA formed (I) and there's still ongoing (II).
We could expect a terminal impulse wave from (c) where each move can be subdivided into 3 waves.
If that the case, buying zone would be around 201-207 when the price drop lower.
However, we must use CCI/STO to confirm bearish divergence.
We could expect a terminal impulse wave from (c) where each move can be subdivided into 3 waves.
If that the case, buying zone would be around 201-207 when the price drop lower.
However, we must use CCI/STO to confirm bearish divergence.
Note
Wait for bearish divergence signal then go buy
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.