XPEV, at $23.62 in July 2023, may be in the Y wave of the Ellliot WXY Double Correction. Accordingly, it may end wave A, the first correction of the Y wave, around $11.5-12.3, which is the Anchored VWAP line, perform wave B, go up to around $15, and end the Elliot Double Correction wave with wave C between $8.5-10.
Trade closed: target reached
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Although I expected it to fall to $8.5, I closed my XPEV short position at $9.88 on January 17, 2023.