XPENG Long Trading Opportunity
Very clear setup from a technical point of view:
-Weekly low test candle showing potential reversal
- Daily Continuation wedge formation was completed after a tweezer bottom rejected the Daily 50EMA and a rejection of the 0.618 Fib .
- Intraday path of least resistance to the upside
Target at 1.618 fib extension at the 110 dollar area
-Weekly low test candle showing potential reversal
- Daily Continuation wedge formation was completed after a tweezer bottom rejected the Daily 50EMA and a rejection of the 0.618 Fib .
- Intraday path of least resistance to the upside
Target at 1.618 fib extension at the 110 dollar area
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.