BABA trendline set after leaving Phase D

Sharing the details of stride set for BABA stock, as per wyckoff strategy once the trendline formed and stock leave the trading range from phase D, stock price movement will follow the trendline and price swings within the trendline until demand vs supply equilibrium changes. Look at the Pink arrow, every impulse movement in the price supported by increasing volume. similarly corrective moves are happening with decreasing volume. When this behaviour visible in a trend it is clear sign that trend is in harmony, more uptrend can possible.

Next action points

1. Current correction started at 190+ need to find a support as per blue trend line above or some other moving average

2. New leg of upswing will trigger with more higher volume to reach 240 levels.