XPEV - Start of wave 3?
XPEV ended an WXY corrective move down to finish wave 2. Two scenarios can play out here:
1- The corrective wave is over and we are at the start of wave 3 that will take us to a price of 119 (the 1.618 fib extension).
2- the corrective move is going to extend into WXYXZ.. with the second X wave ending below the first.
Either way we should be waving a nice wave up..
1- The corrective wave is over and we are at the start of wave 3 that will take us to a price of 119 (the 1.618 fib extension).
2- the corrective move is going to extend into WXYXZ.. with the second X wave ending below the first.
Either way we should be waving a nice wave up..
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