Rivian Automotive

Rivian Update

798
These orange fibs you see on the chart are tracking a possible i-ii pattern. If this is in fact the wave 5, the ideal spot for an ending would be in the orange box. Notice it is within the larger grey box and the yellow (larger count) target box? These counts are starting to converge creating a more reliable end target. The red box you see shows where these counts overlap.

Something to keep in mind though, the largest corrective count I am tracking. Due to the relatively newness of this ticker, it is hard to decidedly place a larger ABC count. For this reason, tbh, idk how reliable it is. If it is correct, then the 1.0 of that count terminates @ $4.38. Rather that comes to fruition or not I am unsure. If it is the case, we will have ups and downs before then, but could ultimately act as a lure. For now, I am watching the target boxes for a potential entrance to go long...with stops.

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