Li Auto Inc.
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Li Auto - finishing an ABC corrective move

697
Li auto is likely nearing the end of a corrective ABC move and is currently a wave 4 in wave C. Wave 5 of C should ideally take price to the $21.50 level which is the 0.618 retracement of the move up from the Oct 2022 lows.

Should price reverse from here it is likely that the correction took the form of a WXY move where wave Y has 3 waves, instead of an ABC move where wave C has 5 waves.
Not
Looks like the correction was indeed completed on 22 Jan
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Scratch that. Price has now come down to the 0.618 zone. Time to watch for a rebound from here

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.