$BABA - Descending wedge breakout watch

Bounced from muti-year trend line which is also the base trend line of bullish descending wedge, which also is the 261.8% fib ext support.
The second attempt to break out of the wedge rejected again at trend line. Possible to close gap around $206.
Mixed oscillators signals. RSI and stoch recovered while Macd is narrowing to bullish cross. But accdist, momemtum, OBV and EOF are all down.

Bad case - $206 to $200
Good case - $230
Better case - $240
Best case - $270
Entry - $200 to $215 (High risk)
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.