Alibaba Wave Analysis 5 March 2026

RunWithRugs · 2026-03-06T19:53:06+00:00

Alibaba has broken a key support zone, signaling a potential decline to the next support level of 125.00. This development is part of an ongoing strong downward trend that began in January.

RunWithRugs

2026-03-06 19:53:06

Abstract generation in progress

(MENAFN- FxPro) Alibaba: ⬇️ Sell

– Alibaba broke daily down channel

– Likely to fall to support level 125.00

Alibaba recently broke the support zone between the support level 146.00, support trendline of the daily down channel from October and the 50% Fibonacci correction of the upward impulse from July.

The breakout of this support zone accelerated the active short-term impulse wave 3 of the strong downward impulse wave © from January.

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Alibaba can be expected to fall further to the next support level 125.00 (target for the completion of the active impulse wave ©).

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