Rivian Update: Retrace Coming Up

2023년 11월 3일

How many here love EWT??? I know I do!!! At the very minimum it told us that price was about to turn around and head higher. I have a follower that stated they were already up 90% on some options they entered. Tell me, what other kind of methods can produce those type of results?? I'll wait...

On the chart I used the 15min which is the smallest I can use for a public post. I left the mini 5 wave count on there from the beginning of this move up to signify the importance of it. It's hard to sustain a new trend without a healthy move to start it off. After the initial 5-wave we had a 3-wave retrace into wave ii. Wave iii really stands out as it is the most powerful move in this structure. On the 3min it suggests we have topped on neg div and will head lower tomorrow in our micro-wave (ii). However, on the larger time frame it appears as if we need OMH to finish out this move up and the fibs support OMH. At this time though, the OMH is my ALT as signified by the turquoise count and yellow box.

Once we start to retrace for (ii) I will make an update with the target to the post through a comment. At this time, I expect it to be in the mid-low $16 range. It is on this wave (ii) that I intend to purchase more calls should price behave appropriately. I will make an update on here if I place any trades.

Bonam Fortunam,
--Tyler

2023년 11월 3일

노트

Hit right in my alt box to make that OMH I said was possible, and then began retraceing down. This chart has a standard retrace target for this (ii).

2023년 11월 3일

노트

Standard retrace says we hit $17.98 and then drop to around $17.29 to finish (ii)