BUY HKCM Conviction3/5 Analysis quality60/100 when the price reaches the upper bound of the target zone at the 61.8% Fibonacci retracement, following an 'X' wave completion or current 'Y' wave progression
The analyst is waiting for a specific technical setup to initiate a new long position in Alibaba. They anticipate either a short-term rally followed by a drop into their final target zone, or the market is already in the process of reaching this zone. A buy order will be placed when the price hits the upper boundary of this calculated target zone, based on their Elliott Wave methodology.
“sobald wir die Oberkante der Zielzone am 618er Fibonacci treffen, würden wir automatisch eine weitere Kauforderen Kauf direkt tätigen.” — ▶ Watch clip