$RIVN - RC -
Added 2023-05-22 10:26:07 +0000 UTCIt has been battling and showing some strength, in spite of losing the blue line at the end of April but recaptured it quickly enough. It then bounced all the way to the previous high and pulled back to the hold exactly at the 0.78 Fib, this is all good signs, buyers are still around.
I have added in subwaves here and will leave Subwave 2 where it is, as it is not clear whether or not subwave 2 is complete yet.
If it can continue to hold higher lows and break above the previous high, it will be showing strong signs of reversing.
