Rivian in its Wave 2??

In my last post I stated "if we break $40.56 then it invalidates my primary count." Well, needless to say, we broke that price point.

What I am seeing here is we have 5 sub waves down to complete our primary Wave 1.

The sharp increase from our last low leads me to believe it is most likely our A of 2 retracement. I have marked the 0.5-0.618 fib lines as a possible end point for wave 2. Only time will tell. Either way it is not a good time trade Rivian IMO.