If you follow along with me then you know I bought some more Rivian when it was about $12.6. I didn't buy as much as I would have liked because this high wasn't expected. However, given the price movements I took another look at Rivian, and it appears I was one degree off. This means we are almost done with this wave iv and are about to embark higher in our wave v. Marked on the graph is a box for the target of our next wave.
After this wave (1) is done we should still head lower to the $12.25ish area for our retrace. As I have said before, the higher this price moves the higher the retracement will be. Be patient if you haven't bought in as another good entry will present itself.
Bonam Fortunam,
--Tyler
After this wave (1) is done we should still head lower to the $12.25ish area for our retrace. As I have said before, the higher this price moves the higher the retracement will be. Be patient if you haven't bought in as another good entry will present itself.
Bonam Fortunam,
--Tyler
Comment:
Just want to mention we hit right in my target box .01 cents from my line and began to breakdown. I bet we still get OMH before falling, maybe in the after markets? If not then tomorrow a.m and then I will sell. I'll post an update later tonight with the plan for tomorrow.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
