BABA by RK_Chaarts — TradingView
Hello Friends,
Welcome to RK_Chaarts,
Let’s analyze Ali Baba Group Holdings Limited, also known as BABA, listed on the NYSE. We’ll be using the Elliott Waves theory.
Friends, as we can clearly see, after hitting a low of around $95.75 on 9th April 2025, it started an impulse wave. Within this wave, we’ve completed intermediate degree blue bracketed (1), (2), (3), (4), (5), and primary degree ((1)) in Black. Currently, we’re completing primary degree ((2)), with a low around $111.
If it breaks the level of $111, we’ll assume we’re still in primary degree ((2)), as marked in scenario 2 on the chart. This means wave ((2)) is unfolding, and wave ((3)) might start after wave ((2)) is complete.
If it doesn’t break the $111 level, it’s likely that…
