Apr. 26 at 2:05 PM
$XPEV on watch — not a clean chart, but that’s where traders get paid if they’re early.
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Price structure is still developing, and the limited history makes a textbook Elliott Wave count tricky. That said, there’s a workable scenario: potential wave 4 consolidation with a setup for a wave 5 push if buyers step in.
Key level is clear —
$13.77. Lose that and the structure breaks, simple as that. Hold it, and this could transition into a momentum leg higher.
What I don’t love: lack of a strong, obvious impulsive move off the lows. What I do like: tightening price action and a defined risk level.
This isn’t a conviction swing yet — it’s a “prove it” setup. If it starts building higher lows and volume confirms, I’ll lean in. Until then, it stays on the radar, not in size.
