A reminder that $RIVNs chart here is almost identical to $NIO except it had a harsher pull back
And needed its very last fib support level to some to the rescue
Since finding support at $9, the price is already at $12.40 in the PM and above the 200 Day MA, if the price can stay above the 200 Day MA then we are seeing signs of a reversal
We will be looking for signs of an impulse wave forming now, which will mean a move up to +$15 next.