The probability of a decrease remains.

On the daily chart, an impulsive first wave of higher degree, wave (1), has formed, while a corrective phase is currently unfolding as wave (2). On the 4-hour time frame, wave A of wave (2) has formed, encompassing the fifth sub-wave, wave v of A. If this scenario proves correct, the downward trend is expected to continue toward the 94.00–80.75 area, with the critical stop loss level for this scenario at 147.40.

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