TSuth

The Blame Game

Short
NASDAQ:RIVN   Rivian Automotive
Tomorrow Rivian should start its next trek down in its Wave 3. Most people will say the stocks falling due to recalls or this or that. Long story short, we knew the stock was going to drop before this news even came out. So, it does nothing to change my strategy.

For arguments sake you could say this drop was B of 2. Which would warrant a rise above $37.38. Anything above there and we're still in our wave 2.

Looking at our MACD though, I am still confident we are in our wave 3 and will continue our descent tomorrow.

👑💰TEAMWORK MAKES THE DREAMWORK💰👑

Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.