BABA - Wave 5 down, Descending Broadening Wedge
(i) Likely Wave 4 retracement
(ii) 38.2% retracement
(iii) Ascending wedge
(iv) Descending Broadening Wedge upper edge resistance
(v) Bearish MACD, MACDH divergence
Short for wave 5 then go long for the breakout of the DBW!
(ii) 38.2% retracement
(iii) Ascending wedge
(iv) Descending Broadening Wedge upper edge resistance
(v) Bearish MACD, MACDH divergence
Short for wave 5 then go long for the breakout of the DBW!
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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.