Shares of Alibaba Group Holdings Ltd., one of the largest companies in the field of e-commerce, are trading at 120.00.

The probability of growth remains.

On the daily timeframe, wave (3) of the senior degree is currently unfolding, having previously established wave 1 of (3), completed the corrective phase as wave 2 of (3), and now progressing into wave 3 of (3). On the four-hour timeframe, the initial entry wave of the junior degree, wave i of wave 3, is currently unfolding, within which the local corrective phase as wave (ii) of wave i has already been completed. If this scenario proves correct, the asset’s upward trend is expected to continue toward the 193.70–220.000 zone, with a critical stop loss level at 123.00.