Last week I described us being in wave 2(black). This is still a valid count and my primary theory until proven wrong. Beyond the line I have marked and it invalidates my theory. At that time my Alt count(orange) becomes my primary for a target of $43.24-44.64 and end of Wave 5.
If I am correct and this is still a Wave 2, then tomorrow won't be a great day for Rivian. It would mean we are starting our descent in Wave 3 and our next price target for a potential long opportunity is at $24.62. To trade during this time is counter trend trading....during a Wave 4....which is very risky.
Wave 2 & 4 always alternate. Meaning if our Wave 2 is deep, Wave 4 "should" be shallow.
💰 GOOD LUCK TO ALL 💰
--TSuth
If I am correct and this is still a Wave 2, then tomorrow won't be a great day for Rivian. It would mean we are starting our descent in Wave 3 and our next price target for a potential long opportunity is at $24.62. To trade during this time is counter trend trading....during a Wave 4....which is very risky.
Wave 2 & 4 always alternate. Meaning if our Wave 2 is deep, Wave 4 "should" be shallow.
💰 GOOD LUCK TO ALL 💰
--TSuth
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler