TSuth

Long (but fast) Way to go

Short
NASDAQ:RIVN   Rivian Automotive
Rivian is obviously still currently in its Wave 3 and has a long way to go. Ideally/normally it will go to AT LEAST the 1.618 Fib line of Wave 1. That price point is $24.99. But Wave 3 is the most common Wave to extend so we will have to wait and see how this plays out. Only time will tell.

Short this stock if you really have to, but with the major markets starting to bottom its getting riskier to trade short. I'm waiting for the bottom to go long myself. So for now, I'll watch from the sidelines.

👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler

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.