RIVN turding out on downtrend lineAlso could have a bit of bear flag formation here - but looks like it is getting ready for the next leg down to me, especially if this gravestone doji looks as it does. maybe down 40 in the coming weeks?
RIVN trade ideas
RivianI hopped in some at 61.33. Support as of now 60.83 main key supports 60.03 and 58,05. I have bud there also. Could be setting up!
Rivn trade recap I bought Rivn at the trend line while Spy and Qqq were at a major support. The risk to reward for Rivn is about 5-1 and with spy and Qqq at support i was even more confident in this play. I also decided to get shares instead of option contracts because the Iv on contracts where extremely high. After Rivn shot up 4 percent after I got in, I moved my stop loss to .5% in the green so if Rivn did come back down it would still be in profit.
RIVN 30m Wolfe Wave bullish A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
RIVN4HR Range, short opportunity to test longs near $60, breaking south of $64-$63 will trigger my pivot points.
RIVN RIVAIN looking for entry point - possible scenarioAssumption
the bearish movement starting from 180 USD is over:
Correction as ABC wave:
A ending at 107 (length 73)
B ending at 127
C ending at 50 (length 77)
--> A and C wave almost equal, this matches well
--->invalidation under 50, this would mean a longer correction in WXY for instance
This would mean, impulse wave is in formation
1st wave up to 70 USD
wave 2 ongoing, for instance as an ABC again
correction in 5 waves to 56 --> A wave
B wave leading to double top around 71
C wave ongoing in 5 waves
--> invalidation above the last highs
--> alternative: the double top is a X wave, Y wave ongoing
Possible targets for going long
gap 59,34
fibo around 57
stop under 50
Bounce off resistance to demand zone $63 shortSo far RIVN has been pretty cooperative with these short options.
Time for RIVN LongOh my. I have been dreaming of the day that I can get a good entry point on Rivian. I saw one of their cars pre-IPO and thought it was beautiful. And now I'm able to find more beauty in RIVN through this epic ascending triangle. EV is set to surge.
Human vs MachinesChart patterns detection needs an extensive learning process and experience, no matter if you are a human or a machine!
Machine Learning Workflow:
There are five core tasks in the common ML workflow:
1. Get Data
2. Clean, Prepare & Manipulate Data
3. Train Model
4. Test Model
5. Improve
Since the chart patterns, beta version indicator has been released, I started working with it to find out how it works.
In the following examples, you will see the comparison between my pattern (left side) and platform pattern (right side)!
I activate the triangle, pennant, and wedge pattern indicator..!
1- Daily chart: machines did not detect anything:
2- 4 hours chart: machines did not detect anything:
3- 4 hour charts: I changed the regular time to extended hours!
Finally, the machine detects something..!
Educational point:
There are hundreds of thousands of indicators and oscillators out there, some work, some don't!
The question is:
Are you able to use them correctly and increase their performance???
Think about it..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Rivian giving sell oppo $RIVNPop on soros news. Really!! Think it through people this is nearly two months old. It's a bad investment it's interesting news but it doesn't change the narrative, the fundamentals or the background. Growth is going to struggle for at least this quarter.
same formation set up again, sub $50 looking likely Same step formation in place. Gives a sub $50 target. Thursdays inflation data means more losses for high growth tech
Rivian Stock RIVN Strength SignalsRivian stock RIVN has rallied 5.87% Wednesday to close at $64.53. The stock has shown some strength recently aiming for the downward trend’s reversal after confirming the formation of both; higher low, and a bottoming reversal pattern.
The stock RIVN could extend its rally hitting 23.60% Fibonacci retracement level that corresponds to the reversal pattern’s minimum target at $80.60 point on the short term.
How many years need to recover???Do you think these stocks will b able to get back to their all-time high once again?
While Inflation getting high and soon we will see rate hikes and they are burning cash instead of generating ???
According to the current data, they are not profitable and will not be in the next 3 years. Moreover, RIVN has less than a 1-year cash runway..!
This means sooner or later RIVN shareholders will be diluted..!
They both experience a -58 and -54% drop after the last time I compare them..!
I would like to finish with Charlie Munger's quote:
“Capitalism without failure is like religion without hell.”
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Excellent entry to the upside.Broken downtrend to the upside, great entry for a new uptrend with overall market support.
The similaries between bubbles!On the right side, you see Workhorse and Arrival, two EV makers (with commercial purposes) that lost 92-93% of their value in the past trading year!
On the left side, you see Rivian which lost 71% of its value in the past 70 days..!
I think there is a high chance Rivian go down to 15(-90% from its top) in a year or so..! current price is 60 which means you may lose 75% of your investment in less than a year!
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets.
This fast inflation is followed by a quick decrease in value or a contraction, which is sometimes referred to as a "crash" or a "bubble burst."
Bubbles are typically attributed to a change in investor behavior, although what causes this change in behavior is debated. (Investopedia)
www.investopedia.com
If you want more examples: SOLO, GOEV, NKLA, and RIDE..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Looking for a potential beginning accumulation structureIt's too early to say, and, take with a grain of salt. But I think it's worth watching from here in case this is the beginning of a lateral accumulation movement. I'll be watching for more key events such as an automatic rally to the top of the structure, and over time further tests of each side. We'll have to wait and see. Clearly the stock came out over valued, had a typical IPO pump and dump, so it makes sense for investors to look for a lower accumulation zone. Hopefully this is a suitable location. PS... I am but a learner of the wyckoff method. ;)
RIVIAN PRICE ACTION PROJECTIONHorizontal fib sets up the final level, based on that, I draw out a possible up channel. Today, the rally exactly got stopped by one of those red fib channel lines, confirming relevance further. I suggest final low price is then 20.44 and anything under 21 is a dip buy for a run to at least 80-120. I'd guess the top of red channel is the sell point. I do not expect new highs, I believe the market will dump after large swings for the rest of the year. I think Tesla will be under 500 in December and Rivian will have settled out again toward the lower end of range. These are short holds through peaks. 2 months or so.
RIVIAN for a school project
Im using this space to fill up the description box
this is for coach balls 2nd period economics class
The best tool to follow optionsYahoo Finance is the best tool.
I like to trade options but I haven't found the best tool yet. I often follow Yahoo Options, I think this is the best tool and it is free.
Although it is delayed 15 minutes as real-time price, I can get all contracts of many expirations and based on changing price.
Steps to follow:
Search a ticker and go to the Options section
There are 2 viewing types: List and Straddle. I often look at on Straddle section to compare between CALL and PUT.
In the expiration select box, I often visible the second or third week from current, it is less losing (this is my expiriense)
Key to focus: change and open interest, it is important to trade options
However, Yahoo Options don't support comparing change along days (I will note next article)
Summary, Yahoo Options is the best free tool to follow trading options.
My thoughtsThis stock came out of the gate WAY overvalued...I did take some profit on the way up but I see this falling to the $10/$15 range over the course of the next year...Happy trading
Tesla, Lucid, and Rivian after one month..!On December 20, 2021, I published one article and discussed shorting Rivian could be the most profitable in comparison to shorting Tesla or Lucid..!
As you can see in the one month, RIVN is -26.49%..! While Tesla is up 8.74 and Lucid is up 1.6%.
I always said there are opportunities in any market if you are keen to find them, your trading mindset should be neutral..!
When your willingness to go long or short is equal, then your trading rules plays their role..!
Learn how to compare assets and find the best opportunities!
Taking the most favorable ones increase your chance of success..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
72.42 the deeeeeeepAs per harmonic, 74.42$ is the deep. This share is whales one
I am in until the end
From here to 170$ per share
Harmonic always true
Can a double bottom rescue $RIVN?Double-Bottom last week provided a nice demand zone. However, the push was stopped by the POC and it will need a good amount of Buyer-Volume to get over it. Unless that happens, i see more downside.Let's not talk about evaluation.
