Alibaba and elliot wawe - update
I'm unable to attach an updated chart link to my previous idea, so here's the update. We didn't stop at the 61.8% level, but we're now at the 76.4% level of wave 1, confirming wave 2. Additionally, we're at the 200-day SMA. I've revised the peak target for wave 3 to either 157 USD or 174 USD. Given historical prices, the 174/175 USD level seems to be more robust and pivotal.
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