TophatPandaMagician

XPEV - wave 3 or wave 5

Long
BATS:XPEV   XPeng Inc.
Grml, I just noticed that my post from 2 weeks ago for this got deleted by mods :/

Pretty much mentioned this level for a hold, which now gave a nice reaction for starters...

We'll have to see if it holds.

An alterantive count, which would have the low as the finish of wave 4 instead of a wave 2 (from 2 weeks ago):


Even more bullish view would see the correction not as a wave 4, but as a second wave 2. Too early to focus on that though.
Comment:
The move did not sustain, so as mentioned the bullish views left are a wave 4 of a diagonale or a second wave 2.

The subwaves aren't really pretty here. One way I could see would have this as a double zigzag.


Otherwise that suggested diag wave A could be a wave 1 instead, which would lead to quite some more downside.

For now I'll just watch this from the sidelines.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.