Alibaba Group Holding Ltd (9988 - HK) is in ABC flat wave pattern in 60 min as the part of X wave down in bigger WXY wave pattern. Wave 2nd is much sharp, which might give one more leg up before go down to 3rd wave down of C wave. Overall market outlook is now positive, so wave 2 can be much deeper.
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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.