Rivian Update--11/14

Today Rivian extended almost up to the 3.618 which is a somewhat common endpoint for an impulsive wave to extend to as I alluded to this morning in my update. I have labeled an abc for the wave 2 retrace but that could be off by a degree. The box I have marked would not change, however.

I would not be surprised if we just take off tomorrow and don't make another low though. The strength we should have with this move up will be like that of Tesla in that it won't give many opportunities for entry. Another possibility is we start red tomorrow so some can take some profits, or those who are scared can minimize losses. After which the impulsive primary trend up should resume.

I plan on buying more shares and most likely more calls if we get a good wave 2 retrace. Good luck y'all!

Bonam Fortunam,
--Tyler

코멘트:

Once we get a bottom to our wave 2 I can start to give more precise targets going forward...I need a full 1-2 completion though.

코멘트:

Made a low on the 3min macd indicating we will make a new local low. I would not be surprised if price doesn't make it into the target box. Keep in mind if this is a new bull run as I have called for then the strength in this move with be great.

코멘트:

Above $16.82 and odds favor wave 2 completed

액티브 트레이드:

Bought 100 SHARES

코멘트:

Wouldn't be surprised if we get a reaction off of the 0.786 @ $17.99 for a little retrace before continuing up.

코멘트:

If this is our next wave 2 then it should complete around $17.09 and then bounce up to start our 3 of 3

코멘트:

Price made it .01 cents from my fib and turned around. This is most likely our wave ii of (iii). If that ii is over then that means we area about to start wave iii of (iii) of (3)

코멘트:

$16.76 is the next fib down. Below $16.25 and it changes the count. I'm at work but will watch as able

코멘트:

Below $16.25 and I will assume that I was one degree off and we are in (ii)

코멘트:

I know this drop seems scary, but I have a full count into the box