It never gets old making these graphs and watching price move right into my target zones/fib lines. When you learn how to accurately identify your waves, know what "normally" happens next, then your profits begin to soar. One thing my mentor has CONSTANTLY reminded me of, "structure is the most important thing". Once you have this drilled into your head, remember to check your MACD constantly, and always have an exit strategy in place you're bound for success.
All that being said, I made a pretty bold statement that Rivian was headed to $14.50-$15 at a time when it was down 5.4% from the day prior. Don't just take my word for it, look at my post! It was made @ 08:42a.m. and is tagged at the bottom Then it jumped 13.26%!!!!! and it went right into my target box and came .01 cents from my 1.786 fib line.
Now, I still expect OMH on negative divergence from Rivian before we move lower for wave (2). I believe the CPI report, and people wanting to collect profits, will be our catalysts for the move lower. Ideally, we should move in a 3-wave pattern down to the 0.382 then up to the 0.236, then down to the 0.618-0.786fib lines of this wave (1) move up. If we have enough price action tomorrow, I will update throughout the day. At our next high i plan on selling some of my Rivian shares. If/when i do this I will post a Trade alert!
Please message me or post with any questions you have. I will reply with-in 24hrs.
Look at my past posts and allow them to speak for me!! Once you do hit that follow button cause you're going to like what you see!
Bonam Fortunam,
--Tyler
All that being said, I made a pretty bold statement that Rivian was headed to $14.50-$15 at a time when it was down 5.4% from the day prior. Don't just take my word for it, look at my post! It was made @ 08:42a.m. and is tagged at the bottom Then it jumped 13.26%!!!!! and it went right into my target box and came .01 cents from my 1.786 fib line.
Now, I still expect OMH on negative divergence from Rivian before we move lower for wave (2). I believe the CPI report, and people wanting to collect profits, will be our catalysts for the move lower. Ideally, we should move in a 3-wave pattern down to the 0.382 then up to the 0.236, then down to the 0.618-0.786fib lines of this wave (1) move up. If we have enough price action tomorrow, I will update throughout the day. At our next high i plan on selling some of my Rivian shares. If/when i do this I will post a Trade alert!
Please message me or post with any questions you have. I will reply with-in 24hrs.
Look at my past posts and allow them to speak for me!! Once you do hit that follow button cause you're going to like what you see!
Bonam Fortunam,
--Tyler
Trade closed: target reached:
We hit the OMH I was calling for so I went ahead and sold 150 shares of Rivian and will pick up more when we move lower again.
Comment:
Rivian is extending well beyond normal fib lines. Here is the chart zoomed in with them
Comment:
It appears we are starting to break down and should hopefully be headed towards $13.09-$12.45 for wave (2).
Trade active:
Limit order placed for 300 shares @ $13.10
Comment:
Ideally need another low for this a wave to finish
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
Bonam Fortunam,
--Tyler
