Sharp zig zags are commont in waves 2. Most of waves 2 are deep because of the trend changing and retesting the actual lows.
Ofc , if we are corrective.
Ofc , if we are corrective.
Note
Could be shorted today...Note
Unclear ending on this wave C.
Unfortunatelly i cant see a propper ending of this pattern. Ending diagonals can truncate however. Call it an ending diag or wyckof accumulation, this could have been the bottom of RIVN. Accumulation on these areas could be good if we are going towards the macro 3.
Wonderful oportunity if you ask me.
Leaning 80% towards the fact that we bottomed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.