$XPeng Inc.(XPEV)$ 

Another prediction for this week. This time is the analysis for one of the EV companies. This bearish prediction is more towards short erm. 

Let's look at its chart (kindly refer to attachment), specially for the last two candles as highlighted by the orange arrow. We can notice an obvious shooting star candlestick pattern. It appears two days in a straight, which signify a potential trend reversal.

How to identify a shooting star? 

# Made up of a candle with small lower body

# Came with a long upper wick that is at least two times the size of the lower body. 

# Appear in an uptrend

Below are the key takeaways:

- Shooting star occurs after an advance and indicates the price could start falling.

- It is a bearish formation because the price tries to rise significantly during the day but the sellers takw over and push the price back down towards the opening price.

With the double shooting stars candlestick pattern, it will be high risk that the XPEV will go into a short term pullback. How do you think?