Rivian Started Its Wave 3 Right on Schedule

As stated in my thesis last night Rivian was due to start its Wave 3 and play catch up with the market. It has done exactly that, down 8.5% already today.

I am eyeing $29.74 @ the 1.786 fib line for a start to a sub-wave iv retrace to about $31-32 potentially. We have to wait until sub-wave ii finishes to have a better idea where sub-wave iv will likely end.

I have said before Wave 4 is one of the riskiest time to trade counter trend, let alone a sub-wave iv. I'll be standing on the sidelines for now until we have more clues on our primary Wave 4. If my thesis is right we should have a potential 10-20% profit margin on that trade. Only time will tell.

👑💰TEAMWORK MAKES THE DREAMWORK💰👑
--Tyler