XPEV - wave 3 or wave 5
Grml, I just noticed that my post from 2 weeks ago for this got deleted by mods :/
Pretty much mentioned this level for a hold, which now gave a nice reaction for starters...
We'll have to see if it holds.
An alterantive count, which would have the low as the finish of wave 4 instead of a wave 2 (from 2 weeks ago):
Even more bullish view would see the correction not as a wave 4, but as a second wave 2. Too early to focus on that though.
Pretty much mentioned this level for a hold, which now gave a nice reaction for starters...
We'll have to see if it holds.
An alterantive count, which would have the low as the finish of wave 4 instead of a wave 2 (from 2 weeks ago):
Even more bullish view would see the correction not as a wave 4, but as a second wave 2. Too early to focus on that though.
Note
The move did not sustain, so as mentioned the bullish views left are a wave 4 of a diagonale or a second wave 2.The subwaves aren't really pretty here. One way I could see would have this as a double zigzag.
Otherwise that suggested diag wave A could be a wave 1 instead, which would lead to quite some more downside.
For now I'll just watch this from the sidelines.
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