BABA - as long as the low holds
No need to overcomplicate things here. Low to high can be counted as an impulse, so there's a clear invalidation point, which is the absolute low. As long as that holds, the direction is up.
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So far so good. Currently almost up 20% from the initial post. Will likely give more clarity if or when we get back into triple digits.Note
Not much to update here, we haven't gotten into triple digits yet.Most likely bullish count, assuming the local low at 66.6$ holds, would be an expanding leading diag:
Would only confirm at a new high above 90$ and invalidate on a break of the 68.3$ low before a new high.
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Continuation from the last update fitting expectations so far:
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Finally in triple digits.
While the diag count is still fitting and has no upper limits and can overshoot the trendline (here shown in log, we are already above in arithmetic):
and there are a few gaps below that need to be filled eventually...
should we keep going though, we might actually just be in wave 3 of 3 of 3 of 3... like this:
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Looks like the expanding diag played out
We've still got some open gaps below, so lower 80s and even getting into the 70s again eventually wouldn't be surprising, with or without a noteworthy upwards correction first:
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