Rivian Update

On the micro's Rivian has some serious positive divergence. As said in my last post, I believe the bottom is in for this wave 2. We don't have confirmation yet though, so we could technically make OML toward the 0.236 yellow fib @ $18.66. If that were to happen, I would expect the drop to be swift as well as the move back up. Confirmation doesn't come until we breach $24.57, but once we start to move up, I don't think it will be long before we take that high out.

Don't forget about that turquoise a label. This suggests this drop has all been a part of just the a wave. The reason I feel this is possible...you guessed it, MACD. If this is the case, then I would expect us to rise to around $21-$22 before falling for c wave. Due to how far we have already dropped, and the action carved out thus far, I believe this is all of 2. Time will tell. Good luck everyone.

Rivian Assets at this time:
500 shares
10 calls

I will be out of town for the next two days on a mini vaca for my sons b-day. I'll still have access to the charts via my phone, but it isn't the same as a computer. Due to this I won't be making new posts tomorrow night but will post again Thursday night.

Also, I want to remind everyone, starting March 1st, my posting schedule will be dramatically altered.

Комментарий:

We came just below the 0.236 yellow primary fib and just above the 0.618 blue retracement fib. Also, we bounced off the mini orange 2.0 fib you see there. The preceding price action "appears" impulsive but is still a little early to tell or draw confirmation. To answer a question I received earlier, a drop below $15.12 invalidates this count. Sorry for the late replies yesterday and today but I have either been on the road or spending time with my family. I am back home already and will be watching for the rest of the day and update as needed.

Сделка активна:

bought 10 calls exp 03/15 strike: $30