Alibaba Group Wave Analysis – 17 July 2025

Alibaba Group: ⬆️ Buy

– Alibaba Group rising inside impulse wave (3)

– Likely to reach resistance level 123.10

Alibaba Group recently rose with a sharp upward gap, breaking the resistance level 110.00 and the resistance trendline of the daily down channel from May.

The breakout of these resistance levels accelerated the active intermediate impulse wave (3).

Alibaba Group can be expected to rise to the next resistance level 123.10 (the former monthly high and top of wave B from June).

Source: https://fxpro.news