RIVN - Bullish Triangle Breakout SetupPrice action has formed a clear contracting bullish triangle , completing waves a–b–c–d–e and breaking above the upper trendline with strong momentum. This breakout suggests the market is shifting from consolidation to a new bullish phase.
As long as the breakout holds and price stays above the triangle resistance, I expect continuation toward the $30–$33 target zone , which aligns with the measured move of the pattern and the next major resistance area.
