TSuth

TSuth

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...

TSuth

In my chart titled Rivian in its Wave 2?? On Oct 2nd I posted that Rivian was likely about to begin its Wave C of 2 retrace. I was slightly premature with that call and it was the last sub wave 5 of wave 1. After that Rivian dropped from $32.92 $31.02 for 5.8%. In that post i stated "either way its not a good time to trade imo" If you waited it out for clues,...

TSuth

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...

TSuth

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...

TSuth Updated 

This is my first post and I am still a novice. Any differing ideas please let me know. You can't learn without being challenged. Hopefully this helps someone out there. Wave 1 and 2 are clearly visible here. Knowing the length of Wave 1 helps us to determine/predict where Wave 3 will end. $24.62 is the 1.618 Fib line of Wave 1. This would be a good place to...