As stated in my last couple posts Rivian was due for a bigbdrop. The big retracement in the markets attributed to the delay on Rivians price dropping IMO. Nonetheless, the drop was coming regardless of what the market has planned.
We are still in our sub-wave 3 of wave 3. $24.5-$25.71 is our target zone before a retrace for sub-wave 4. I'll be able to generate a more reliable target when we finish this sub-wave. As I said before "I AM NOT TRADING RIVIAN YET". When we get closer to the end of wave 3 is where I'll look for an entry to go long in Wave 4. Or I might just wait until wave 5 is done. Depends on what the chart tells us when the time comes.
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Bonam Fortunam,
--Tyler
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