Thesis
BABA remains in a broader bullish reversal, with the current pullback continuing to resolve as an intermediate corrective phase.Context
- Weekly and daily timeframes
- Multi-year base already completed
- Prior impulsive advance followed by a controlled retracement
What I see
- Pullback continues to respect the prior breakout structure
- Price is consolidating inside a descending corrective channel
- Rising longer-term moving-average support remains intact
- Structure remains consistent with an intermediate Wave (4) correction
What matters now
- The 50-day moving average is aligned with the 0.382 Fibonacci retracement near the $159 area
- A break and hold above this confluence would signal completion of Wave (4)
- Failure to reclaim this level likely extends consolidation
Buy / Accumulation zone
- Current consolidation range within the Wave (4) retracement zone
- Risk remains defined against the recent higher low
Targets
- A confirmed flip of the $159 confluence opens the path toward the $230 area
- That level aligns with the next intermediate upside reference
Risk / Invalidation
- Loss of rising support would weaken the bullish reversal structure
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.