Chinese stocks will rise again. BABA, Part 3.

I know everyone expects BABA to hold a higher low on the high time frame charts, but I expect new lows. Whenever my projections show a level below a prior swing low I dont risk going long until we get to the box. I will miss this trade if it holds and doesnt make new lows to my box.

In part 1 and 2, I covered NIO and BIDU and I see a very similar play with those stocks as well. My target will be $157 on BABA.