Between BABA, 251 and 253, we can expect a test and reversal.

Thursday, December 31^st, Fibonacci Day 5, from the most recent low.

Wednesday, January 6^th, is Fibonacci Day 8, from the low.

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.