Rivian Update: Is that it for B?

The only thing I changed about this graph, is I removed the dotted lines showing my prediction for prices path and moved my A & B labels to reflect new price action. The B wave may not have even started yet though to be honest. I would not be surprised one bit if this has all been part of our A wave down. However, we did poke higher to just under the 0.236 fib line and this cannot go ignored. Therefore, I have our B wave labeled on that high until price tells us different. If that was all of A & B, then we can expect Rivian to open down and drop pretty hard over the next few days. If B wave hasn't started or finished, then tomorrow may be a green day for Rivian but it will be short lived. I am still expecting us to drop to the target box of $13.09-$12.45.

I have also left the yellow box at the bottom. This is for the VERY unlikely event we haven't in fact bottomed yet. With all the bullish price action and the fact we are coming off of a 5-wave impulsive move, I feel we have already bottomed and will never see price go below $11.68 again!

If you haven't already, check out my Tesla posts!! They are on point!! LOL

Bonam Fortunam,
--Tyler

Comment:

Rivian appears done with B and is headed down for c of (2)

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300 shares bought at $13.10