$XPEV - RC -
Added 2023-12-14 08:25:18 +0000 UTCWave B was short but bounced in 3 waves and Wave C pulled back to in between the 0.618 - 0.78 Fib, all very normal counts here.
What the bulls will like here is the descending wedge here which is a bullish formation, we can see how effective the ascending wedge was in Wave 5, it was perfect and broke down as expected for its ABC correction.
Now bulls will want to see a break above the 0.618 Fib at $15.34, which would also mean a break out of the wedge too....a breakout and the targets are above as shown.
Comments
Hi, how can I request an updated XPEV chart? Thanks in advance
Cuneyt Ardahanli
2023-12-19 14:00:20 +0000 UTC
