$RIVN - RC -
Added 2023-07-18 10:48:39 +0000 UTCPull back was definitely needed here after climbing very aggressively on the strength of a short squeeze.
The pull back is trying to save the structure now and I have set Wave 4 completing at the 2 Fib, which is in line with where the 200 Day MA will meet the price action too.
A hold here, or above this level and this can move higher for Wave 5.
Wave 5 can move higher than $27 but this is already at the 3.618 Fib, I do not like setting targets any higher than this already very extended level.
Comments
Could you update please ?
John Miller III
2023-07-27 22:00:06 +0000 UTChmm
DrFrank33
2023-07-27 14:50:57 +0000 UTCClose to topping here?
Pietro menga
2023-07-26 14:48:02 +0000 UTC
