$RIVN
Added 2024-07-22 13:30:51 +0000 UTC$RIVN's Wave 5 has jumped in between the 2 Fib and the 2.618 Fib, which is the normal Wave 5 range to complete, I think a bounce up to the yellow trend line is still a possibility here before needing a pulling back.
So I have added in the White Fib levels that consider a bounce to the 2.618 Fib before pulling back.
A pull back at the trend line is perfectly fine and healthy for an impulse structure and we can see that the 50 and 200 Day MA is aligning with the 0.5 Fib and 0.618 Fibs, so these is the range I would be watching for a pull back when it comes.
$RIVN looks like a good opportunity after the pull back is complete.
Comments
this hit 12.72 hmmm is that wave complete?
JessyyRabbit
2024-08-07 02:15:22 +0000 UTC
