$LI
Added 2023-10-19 13:57:02 +0000 UTC$LI has been smashing their targets and even they are not immune from the pressures in the EV market now, they have not experienced -10% days like yesterday for a number of other EV's but it is certainly feeling the brunt of the EV pressure stick.
So where will it find support? The 200 Day MA is coming next at $30.70, as the price is losing the 0.78 Fib at $32.58
Holding support at the 200 Day MA would save Wave 4 from infringing on Wave 2.
Let's see if it can hold here.
Any failure to hold here then the EV market is in big trouble.
Comments
Hey Gar the top of wave 2 is just under 28 so even if it doesn’t hold the 200 Ma it doesn’t mean it’s invalidated right? Just that the 200 Ma is the highest chance to save it from hitting the top of wave 2 and invalidating the impulse wave? Just checking my understanding of EW theory
Chris H
2023-10-20 01:21:00 +0000 UTC
