RIVN has broken out of a long downtrend for the first time (dashed line)
This break out in my opinion will be short lived and a retest above this line will occur
This retest will also result in a double bottom along a horizontal
Double curved line indicates my thoughts on price action
If a retest does not result, break out further will ensue
This break out in my opinion will be short lived and a retest above this line will occur
This retest will also result in a double bottom along a horizontal
Double curved line indicates my thoughts on price action
If a retest does not result, break out further will ensue