Shares of Alibaba Group Holdings Ltd., one of the largest companies in the field of e-commerce, are trading at 82.00.

A fall is possible.

On the daily chart, a downward correction of the higher level develops as the wave 2, within which the wave (C) of 2 forms. Now, the fifth wave 5 of (C) is developing, within which the first wave of the lower level i of 5 has formed, a correction has ended as the second wave ii of 5, and the third wave ii of 5 has started. If the assumption is correct, the price of the asset will fall to the area of 60.00–50.00. In this scenario, critical stop loss level is 86.36.