RIVNIf the market stays choppy tomorrow then this analysis wont be to much help for anyone. Anyone in options looking to grow their small account play stocks like RIVN, RBLX, IWM, ZM, NCLH. If we break past are 30min ORB( Opening Range Breakout) on either side then expect to see some movement, im taking puts under 26.5 and im taking calls over 28.77. Again if we see chop for the rest of the week then get ready for a big move in either direction. The longer we sit here the more and more build up a lot of stocks will have.
RIVN trade ideas
Clear the airI want to start this post out by reminding all my followers and anyone reading this...I AM NOT A PROFESSIONAL TRADER. I want to help anyone I possibly can, anyway I can, all while learning myself in the process. That being said, I do know a thing or two and didn't just start trading/analyzing yesterday. I WILL be wrong sometimes. All I can hope is that I'm right more then I am wrong.
Rivian has been frustrating as of late but if I am right in my thesis it explains why. We have already finished Wave 1 and are in Wave 2. The 0.618 fib line has been holding strong but for how long? It could very easily drop down to the 0.786 fib line or even lower. If you are like me then this could potentially be another spot to buy more stock and load up.
I also drew a square for a likely spot for Wave 3 to end should this count prove accurate. Use your best judgment and trade wisely. There are tough times ahead for sure. Question whether or not Rivian can even survive the economic storm that is about to come. They have BILLIONS on hand....but is it enough????
💰💰Good luck to all💰💰
--Tyler
New count/theory?With all this chop and "messiness" I wanted to revisit my overall thesis on Rivian. I have drawn on the chart a fib line from our bottom of $19.26 to our local high of $40.86.
The main problem I have with this count is that would mean we started of in a leading diagnol. But...it is perfectly valid. It would also explain the choppiness we have had since that 40.86 high. If this is the case we should be nearing an end for the wave and should start heading up soon. 🤞🤞🤞
Food for thought. Time will reveal everything.
💰💰Good luck to all💰💰
--Tyler
So damn messyRivian's chart is a gigantic mess. Right now buyers and sellers are fighting for dominance and at this current time...sellers are wining. $27.37 was our last low and still my starting point for our primary Wave 1. If price goes below this point it invalidates this count. As I have said though this chart is a MESS. Until we get some clarity I can't decide on where we are headed. Hopefully tomorrow will tell us what Rivian has in store.
💰💰Good luck to all💰💰
--Tyler
Finally some clarityToday Rivian finally gave us some clarity. To me it appears to be going up in its wave 3. I mean, we had an 11.06% jump today, id call that pretty strong. Judging from the beginning of this wave it will extend but time will tell for sure. Either way I'm holding onto my Rivian for a long time unless something HUGE changes.
I marked on the chart where we can expect this wave 3 to eventually end. Disregard the timeframe, I have no idea how long this wave will take.
💰💰Good luck to all💰💰
--Tyler
Sub-wave 3?Rivian always seems to be a more complex chart. I'm assuming it is due to the fact the "crowd" isn't as big as say, the S&P, and therefore EWT is more difficult to apply. In any case, my count is still valid as the chart stands. We didn't come down as far in subwave 2 as I expected but that just means sub-wave 4 should be "steeper" than normal as waves 2 & 4 alternate.
This count becomes invalid at $28.5.
💰💰Good luck to all💰💰
--Tyler
We're are we and what is the count?The stated title are very good questions. The market is particularly volatile right now due to traders fighting on if the beginning of Super Cycle Wave 4 started vs Cycle Wave 5 starting. Times such as these are why it is very important to use stops with your trades. Positions can be evaporated overnight if not careful. Counts WILL become invalidated and you nor I are immune to that. That's why you should always be looking at alternative counts.
This count invalidates @ $27.85. If price drops below this point we are either still in sub-wave 2 or headed even lower in which I'll need to revisit the count.
My primary count is we are done with sub-wave 2 of wave 1 and starting sub-wave 3. I labeled an obvious 5 Wave impulse up followed by what looks like an ABC zig zag forming. I also marked where it will most likely end. If this is correct it means we should be starting micro-wave 3 soon and price will be rising quickly. Wave 3 is always the most powerful of the 5 waves.
Good luck all,
--Tylrr
Wave 2 complete?I left the box on the chart to show where we are in relation to where i thought we might end. The price points I set are based on normal end points for second waves. However, wave 2's can technically retrace 100% of wave 1 and still be a valid count.
That being said the count looks complete to me and I suspect we should be on our way up for wave 3 come Monday.
As I told someone earlier, I plan to hold Rivian for at least 5-10 years. I may sell and buy some throught that time but 100% of what I sell will always go back into Rivian . I will also continue to accumulate Rivian at certain price points. So if price does go down a few bucks I'm not worried because I know in a few years these stock will be worth much much more.
Good luck to all,
--Tyler
Wave 2?Today Rivian completed a 5 wave decline(A wave) and started what looks like an ABC retrace for the B wave. If this is the B wave it should NOT go above the 0.236 fib line @$33.75 before coming back down to make a new low below $31.72.
If price goes down below $31.72, then that means the ABC is already done and we are in our C wave of wave 2.
I will be looking to fill an order at that time. I suspect it will either be tomorrow or Monday.
IF I MAKE ANY BUY ORDERS FOR RIVIAN I WILL PLACE THEM ON MY MOST RECENT RIVIAN POST AT THAT TIME!
As always feel free to message or comment with questions.
Best luck to all,
--Tyler
RIVN: Torque to 44?!RIVIAN AUTOMOTIVE
Intraday - We look to Buy at 31.23 (stop at 26.03)
The trend of higher lows is located at 28.60. This is positive for sentiment and the uptrend has potential to return. Prices expected to stall near trend line support. Dip buying offers good risk/reward.
Our profit targets will be 43.94 and 48.00
Resistance: 44.00 / 57.00 / 108.00
Support: 30.00 / 19.00 / 10.00
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Looks like the bottom is inSorry it's been awhile since I posted on Rivian last. Life has me busy, and usually when I post its on Tesla, because I feel there is more money to be made there. Nonetheless I fully believe there is money to be made on Rivian long term, more so then most EV's.
Since my last post rivian made a 'shaky' 5 wave structure up, and then started what appears to be a small 5wave down for the a wave of wave 2. If this is wave 2 it should end somewhere within the box I have labeled. Feel free to message with questions. Goodnight yall.
Good luck to all,
--Tyler
RIVN DAILY WOLFE WAVE ACTIVEAnother daily wolfe wave setup was triggered post midterms. The chart for RIVN is closing in on the 200 day ma which will act as short term resistance. Typically the first attempt usually rejects which will be approx at 37.4. Mid term tgt is estimated at $54 May 2023. With tax losses and Christmas rally into end of year, we should see most of the small caps rally and accelerate into Feb 2023. Keep in mind there is an open gap at $140.
Have we bottomed??I haven't posted on Rivian much lately mainly because it's in an ED pattern for awhile now.
Rivian hit in my box on Wednesday for a low of $27.37. This was followed by a sharp snap back of over 18% in 1 minute.....That's the kind of reaction we expect to see from a bottom. However we won't know for sure unless price takes out $37.38 (wave 2). Our first clue will be if it takes out $36.41.
I still feel like it has another low to make with the rest of the market personally. On the chart i have blue numbers and orange numbers. Both are valid counts but we won't know which is right until price makes a new high or new low. Maybe next week or the week after at the latest we will have our answers. Either way I'm holding for awhile longer and hoping for better prices.
--Tyler
RIVN Rivian Automotive options Ahead of EarningsIf you haven`t sold RIVN Rivian after the bad news:
Then looking at the RIVN Rivian Automotive options chain ahead of earnings, i would buy the $30 strike price Puts with
2023-6-16 expiration date for about
$6.60 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Adios RIVNThe implosion of crypto markets impacts all other non-sensical trading and investment ideas. Not to say that some business models are faulty, but many are, shall we say, trading at rather inflated levels.
RIVN is a case in point. It found a lifeline in early October when 30.72 (RED) provided a nice bounce, but after today, we see that it is now a distant memory. Both 30.72 (RED) and 29.45 (ORANGE) were breached. Don't be a knife catcher.....that's not how you succeed in this business.
Descending Triangle Earnings today AMC. Price appears to be hemorrhaging today.
Perhaps owners are afraid of results this afternoon and getting the heck out of Dodge. I guess there is no telling what the reaction to the news will be.
Estimates are lower than last quarter.
Short interest is around 9.6%
No recommendation/Short with a break of support.
ATL 19.25 ATH 179.47.
Price is on the verge of breaking support.
Upcoming Quarter's Earnings
Announce Date
11/9/2022 (Post-Market)
EPS Normalized Estimate
-$1.83
EPS GAAP Estimate
-$1.94
Revenue Estimate
$554.06M
EPS Revisions (Last 90 Days)*
Up-1 Down-9
Group 2
Up-1 Down-10
Ending Diagnol??Rivian looks like it may be in an ending diagnol. This recent retrace today overlapped wave 1. The only way this makes sense to me is if it is an ending diagnol as that's the only way wave 4 can retrace into wave 1 territory.
It's either that or my count is wrong which is very possible. Time will tell. Let's wait and see what price action tells us this afternoon.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler