After a decent correction to a 4th-wave in elliott wave count it's time to go higher. Entry here with a SL under the last swing low.
After ä triangle formation I expect a further leg upwards to the first profit zone. Is still a good CRV. But as allways, I'm still in learningmode :)
Alibaba is forming an ending diagonal in 5 waves, in a minor degree subdivided in 3 waves. There is also a good CRV now for an entry to going long with a target at 370.
As a swiss citizen I'm searching for interesting patterns in local companies. Because of the long downward route in the past and the bullish 5-wave-reaction in the last weeks, there is a possibility for a new cycle up. Lets see...
In shortterm there is more downward possible... blueboxes are buying zones. We will see...