XPEV Short-Term Analysis (NYSE)XPeng, Inc. ADR Sponsored Class ABATS:XPEVMikaDuckXPEV Short-Term Analysis (NYSE) XPEV is currently trading within a broader range structure after completing a corrective move from recent highs. The price action suggests a developing ABC correction, with wave (A) and (B) already in place and wave (C) likely unfolding. At the moment, price is sitting near a key support level around $16, which acts as a critical decision point for the next directional move. Bearish scenario (Primary Case): A confirmed breakdown below the $16 support would likely trigger continuation to the downside. In that case, the primary target for wave (C) lies in the 12.5–14.2 region, based on Fibonacci extensions (1.272–1.414). If momentum accelerates and liquidity is taken below prior lows, an extended move toward the 10.4 level (1.618) becomes likely. This lower region also represents a high-probability long-term entry zone, where a larger reversal or accumulation phase could begin. Bullish scenario (Secondary Case): For the bullish case, price needs to reclaim and hold above the 20–21 resistance area. A successful retake followed by a higher low would invalidate the immediate bearish outlook and suggest a shift back toward the upper range. Key level / Invalidation: The $6.50 resistance line acts as the last point before bearish invalidation. A sustained move below this level would signal that the whole setup is invalidated. Outlook: The primary expectation is a continuation to the downside into the defined (C) wave target zone, before a potential reversal and the start of a new impulsive structure to the upside. I’ll be watching for a confirmed breakdown and follow-through to validate the bearish scenario, and later for signs of accumulation within the lower demand zone for potential long opportunities.