The Blame Game

Tomorrow Rivian should start its next trek down in its Wave 3. Most people will say the stocks falling due to recalls or this or that. Long story short, we knew the stock was going to drop before this news even came out. So, it does nothing to change my strategy.

For arguments sake you could say this drop was B of 2. Which would warrant a rise above $37.38. Anything above there and we're still in our wave 2.

Looking at our MACD though, I am still confident we are in our wave 3 and will continue our descent tomorrow.

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