$RIVN
Added 2024-07-12 17:10:58 +0000 UTCIf there was any doubt before of the accuracy of EWT and Fib levels, this week has shown their true power.
Used correctly and cross checking with moving averages, it is possible to paint a very accurate picture of where the price can move to, pull back to and bounce again.
$RIVN is now up +11% today after we said in the last update that Wave 4 was complete and we could get a run up to at least the 2.618 Fib, which is at the yellow trend line, this is what we are getting.
I would not be entering here however, I suspect there will be some resistance at the trend line, so lets see how it reacts.
Comments
But was it last friday completed? Maybe I was too greedy and I was expecting to reach 19-20$ and I lost chance to drop 50%
Karnick
2024-07-13 12:06:49 +0000 UTCABC pull back, which I’ll add when we see signs of Wave 5 completing
Gareth Neary
2024-07-12 18:49:41 +0000 UTCOnce wave 5 will be completed, what are the next steps?
Karnick
2024-07-12 18:05:11 +0000 UTC
