$RIVN Falling Wedge / Broadening Bottom

Real nice look on the weekly higher low here.

We've broken out of the wedge here, but there is a secondary supply line / creek, that we need to push thru and see a sign of strength come in.

This would be achieved with a 1.618 extension and a retest of the neckline here, where you could typically expect a partial decline of sorts or a checkback before breaking out of the range.

Targets at 30, 40, 70 and ultimately the upper supply zone into 130+. This is a weekly chart, and price rarely travels in a straight line. This could take some patience, but this is how it begins.