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momo_7

BABA - Wave 5 down, Descending Broadening Wedge

Short
Alibaba Group Holdings Ltd. (NYSE:BABA)  
momo_7  
NYSE:BABA   Alibaba Group Holdings Ltd.
Chart Patterns Wave Analysis Technical Indicators
1
0
chartpattern waveanalysis indicator
(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!
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