$RIVN
Added 2024-06-26 08:33:30 +0000 UTCSo now we can add the impulse wave.
Our Wave C point has not changed and we were waiting for signs of an impulse wave but this has been accelerated now as $RIVN got the positive injection of a lifetime.
VW plans to invest $5 Billion into $RIVN which is a gift sent from the heavens for $RIVN and its holders.
So lets see how it looks.
On the chart we can see that the PM price action goes exactly to the 1.618 Fib at $16.35, no surprise there.
There may be some profit taking then after this happens and I would be looking for a hold above $14 next for Wave 4.
Wave 5 could comfortably go as high as the channel yellow line at $17.80 next then.
