Expanding on a previous chart I quickly produced for BABA using simple elliott wave cycle (where I also unloaded 100% of my BABA holdings), it looks like BABA is signalling off a classical wyckoff market cycle.
As the phrase goes, a picture says a thousand words.
Let me show you a picture for reference from my teacher of all things, the internet. Please compare this to the chart above.
d.stockcharts.com/sc.../wy-01-accumdist.png
Can you see the similarities?
As the phrase goes, a picture says a thousand words.
Let me show you a picture for reference from my teacher of all things, the internet. Please compare this to the chart above.
d.stockcharts.com/sc.../wy-01-accumdist.png
Can you see the similarities?
