$RIVN
Added 2024-07-01 14:37:34 +0000 UTC$RIVN has now held exactly on its 0.5 Fib at $13.26 and has bounced off this support level and is now up +6% today to start the week.
Wave 5 remains at the 2 Fib at $17.68 but a route up to $20 is possible here to the 2.618 Fib
This Wave 4 was certainly fast if we compare the length of Wave 2 but a catalyst like VW investing $5 Billion into $RIVN can likely cause this.
Impulse wave looks good here, needs to continue holding support.
