BABA on the weekly looks like a Elliot ZigZag, The speed of the decline favors a zigzag correction pattern. If Wave C = A, 166 is its landing price. 166 also has a nice support area.
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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.