Elliott Wave Forecast: Alibaba Stocks ($BABA) Perfect Reaction Lower from Blue Box Area.
Good day Traders and Investors. In today’s article, we will look at the past performance of 1 Hour Elliottwave chart of Alibaba Stocks ($BABA). The decline from 06.09.2022 high is unfolding as a 5 swings and made a lower low on 09.16.2022 which created a bearish sequence in the 4H timeframe. Therefore, we knew that the structure in $BABA is incomplete to the downside & should see more weakness. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box area. We will explain the structure & forecast below:
The course of the German stock index DAX 30 on an adaptive chart online. The DAX 30 online chart shows the index quotes in real time and allows you to analyze them using the main technical indicators. DAX 30 is the German blue chip stock index. Its calculation includes shares of the thirty largest companies in terms of capitalization, traded on the Frankfurt Stock Exchange (FSE). The DAX 30 also includes the reinvestment of dividends received from its constituent shares. Given that Germany is the locomotive of the European economy, DAX 30 can be considered one of the barometers of the state of the economy of the entire European Union.
In this technical blog we’re going to take a quick look at the Elliott Wave charts of Amazon $AMZN. As our members know, Amazon stock has been showing incomplete bearish sequences in the cycle from the August 16th peak. We recommended members to avoid buying the stock and keep favoring the short side due to incomplete sequences. Cycle from the 146.6 peak was incomplete and we knew the drop was coming . In the further text we are going to explain the Elliott Wave Forecast.
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