XPEV Elliot Wave WXY Correction
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
Although I expected it to fall to $8.5, I closed my XPEV short position at $9.88 on January 17, 2023.
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.
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.