Update for Rivian

Last week I described us being in wave 2(black). This is still a valid count and my primary theory until proven wrong. Beyond the line I have marked and it invalidates my theory. At that time my Alt count(orange) becomes my primary for a target of $43.24-44.64 and end of Wave 5.

If I am correct and this is still a Wave 2, then tomorrow won't be a great day for Rivian. It would mean we are starting our descent in Wave 3 and our next price target for a potential long opportunity is at $24.62. To trade during this time is counter trend trading....during a Wave 4....which is very risky.

Wave 2 & 4 always alternate. Meaning if our Wave 2 is deep, Wave 4 "should" be shallow.

💰 GOOD LUCK TO ALL 💰

--TSuth