It looks like $BABA is at the very bottom of wave II, ready to start wave III that will take 5-10 years to develop, depending on what channel it is going to take.
Wave II retraced precisely 0.618 of wave I and the weekly candles speak of a very likely reversal in August.
The green channel is more typical, baselined on the bottoms of major waves. 10+ years of slow growth.
The red channel is more aggressive. Wave III would be completed in 5+ years. However, it would take a year or more to confirm which channel is the operative one.
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