In my chart titled Rivian in its Wave 2?? On Oct 2nd I posted that Rivian was likely about to begin its Wave C of 2 retrace. I was slightly premature with that call and it was the last sub wave 5 of wave 1. After that Rivian dropped from $32.92 $31.02 for 5.8%. In that post i stated "either way its not a good time to trade imo"
If you waited it out for clues, you could have bought near that bottom of $31.02 and sold in the box I had labeled "Wave 2" at the .382 Fib line $37.03 for a cool $6.01point 19.4% profit.
No one can see the future though. We just have to wait for clues to guide us to what the market is MOST LIKELY going to do.
We're now most likely about to start our wave 3 and play catch up with the rest of the markets. There is a possibility of OMH up to the .236 Fib line for $38.45. Either way your trading for pennies at this point. Once we get more clues I can give more detailed price points. However at this time I can only say Wave 3 will most likely conclude around $24.99-$21.27(1.618-2 fib lines).
👑💰TEAMWORK MAKES A DREAMWORK💰👑
If you waited it out for clues, you could have bought near that bottom of $31.02 and sold in the box I had labeled "Wave 2" at the .382 Fib line $37.03 for a cool $6.01point 19.4% profit.
No one can see the future though. We just have to wait for clues to guide us to what the market is MOST LIKELY going to do.
We're now most likely about to start our wave 3 and play catch up with the rest of the markets. There is a possibility of OMH up to the .236 Fib line for $38.45. Either way your trading for pennies at this point. Once we get more clues I can give more detailed price points. However at this time I can only say Wave 3 will most likely conclude around $24.99-$21.27(1.618-2 fib lines).
👑💰TEAMWORK MAKES A DREAMWORK💰👑
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
