My dear followers and visitors...
I wanted to update everyone briefly after publicly announcing my purchase of Xpeng
XPEV
on December 15.
Every trader should have noticed the precise hit of the 78.6 retracement.
Xpeng suffered a very strong sell-off and shot up more than 30% like a rocket after touching this retracement.
Additionally i would like to quote my statement from the last published Analysis "XPENG - Setting up a massive Bullrun".
"From an Elliot wave analyst's perspective, several large 1-2 formations have been established here, which set the foundation for a multi-year bull market.
The overall structure looks very stable and in the next wave we could reach prices of $78 and more."
It may be possible that we drop a little from here and see the level of 42$-40$ again, but I consider a breach of the red 1-2 set-up as unlikely,
Keep in mind that this is a buy and hold position - unleveraged and without a stop-loss.
Current setup:
AVERAGE EXECUTION PRICE: 40 .76
STOP-LOSS: NONE (33.52$ For every leverage trader!)
I wanted to update everyone briefly after publicly announcing my purchase of Xpeng
XPEV
on December 15. Every trader should have noticed the precise hit of the 78.6 retracement.
Xpeng suffered a very strong sell-off and shot up more than 30% like a rocket after touching this retracement.
Additionally i would like to quote my statement from the last published Analysis "XPENG - Setting up a massive Bullrun".
"From an Elliot wave analyst's perspective, several large 1-2 formations have been established here, which set the foundation for a multi-year bull market.
The overall structure looks very stable and in the next wave we could reach prices of $78 and more."
It may be possible that we drop a little from here and see the level of 42$-40$ again, but I consider a breach of the red 1-2 set-up as unlikely,
Keep in mind that this is a buy and hold position - unleveraged and without a stop-loss.
Current setup:
AVERAGE EXECUTION PRICE: 40 .76
STOP-LOSS: NONE (33.52$ For every leverage trader!)
Trade active:
Like described in my last analysis, i hold several positions already which i bought in the range of 28$ and 39$.
Neverthless i went long at 40.76 on the 15 December like described.
Neverthless i went long at 40.76 on the 15 December like described.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
