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RIVIAN AUTOMOTIVERIVIAN AUTOMOTIVERIVIAN AUTOMOTIVE

RIVIAN AUTOMOTIVE

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RIVN trade ideas

Rivian Update: Tomorrow "should" be RedAs the title suggests, I fully expect tomorrow to be a red day for at minimum, the beginning of the (c) wave of 2, or c of (a) of 2. We can't know which part of wave 2 this is until we get the C wave at least started. I still have that smaller box in the chart, but make no mistake, that would be considered a shallow retrace. Hence the debate on what part of 2 this is making up. Due to the fact that we raised so high though for what I am calling wave 1, it is causing me to think that this count will follow a "normal" extended type of rise. You will hear me say "normal" a lot because that is all I have to go on until price action gives us more details/data to refine my decisions. There are a few things that will help me distinguish which part of the retrace this is. As usual, MACD will help guide me, along with what type of structure is carved out after the this downward move is finished. Say we hit the small target box and then start to raise impulsively, then we know that was all of wave 2. If the move up is weak, and is choppy, you know that this was just c of (a) of 2 and we will head back down towards the yellow 0.236 fib. The reason I zoomed out on the hourly, is so y'all can get a view of where we started. On the left hand side you see the (C) wave towards the bottom? That is where all of this started...and I called it. We then proceeded to move higher in a 5-wave impulsive fashion from $11.68 to $28.48. We then retraced in a 3-wave corrective move down to $15.12, which I also forecasted using only EWT. Since November 10th we have moved up in a micro-5-wave impulsive fashion from the $15.12 bottom to $24.57 to complete what I am calling wave 1. Now remember, nothing has been "confirmed" as of yet since we haven't breached the prior wave 4. Given MACD and other clues, I am calling this complete at this time though. If wave 1 is in fact done, then we should retrace in a corrective 3-wave fashion marked with overlap. So far, I have 2 waves complete, with the clues pointing to a move down tomorrow creating the third wave. Is that all or just (a), idk but we should find out tomorrow or at least receive some clues at the minimum. Let me really give y'all something to argue with me about lol. I predict that by the time this intermediate 5-wave move is done, Rivian will be trading around $75 at a minimum with a possible high of $150 with extensions. As y'all know I don't predict time as EWT has no mechanism to do so, but I feel we should be hitting those end targets around the 4th quarter of 2024. Keep in mind, I leave my emotions at the door and ONLY use facts/data the charts provide. I am not attached to ANY count as I care more about making money than being right. That is why you all see me trading conservatively the vast majority of the time. With this strategy, I have grown my ENTIRE portfolio by about 41% YTD and 74% since I took my account over 1.5-2years ago. This isn't to brag; it is to show you all, with strict rules and EWT you can make some serious cash. Not to mention the effects of compound interest. Because of these rules/form of analysis, I will be starting the new year with considerably more cash than this year. So, 41% profit in 2024 will create much much higher profits/returns. Fast forward 10 years, and think of where you could be with these kinds of results? Again, not bragging, just trying to stress how life changing this can be. Should you all decided to take the next step with me early next year, you too could achieve these results. Just ask some of my longer-term followers on here how they have fared this year. Long-term Followers: Don't provide in depth details, but if you wouldn't mind sharing what kind of percentages you made this year, that would be amazing. This will hopefully help others to realize the potential here and possibly even change their lives, as mine has been changed. Just think about the freedom this could provide you and your family. I moved to part time Dec. 10th and am already preparing to quit altogether and work full time trading, making substantially more money. This will create complete freedom and complete independence from EVERYONE...FOREVER!!! As you vets know, I did this in LESS THAN 2 years time..... I want to wish everyone good luck regardless of whatever you decide to do, and may God bless you and your entire family. Bonam Fortunam, --Tyler
NASDAQ:RIVNShort
by TSuth
54
Rivian Update: Primary is wave 2 startedToday we got the OMH I said was possible and then proceeded to tank from there. We literally dropped almost $2 in 2 hours. I had also mentioned that when an ending diagonal finishes, the initial part of the retrace is swift and strong due to traders finally giving up on the upside. It appears that was the case today. I say appears because we still don't have confirmation, but the signs are there. I've said it before and I'll say it again, EWT is only as good as the analyst. I am not perfect as I am human and therefore fathomable. By the grace of God and Jesus, I have been able to interpret these charts with relative accuracy and I pray that continues. The unfortunate part about updating throughout the day is I run out of things to post on here lol. Tomorrow, I expect this retrace to continue to the downside and potentially even finish. It is a corrective part of the count though, so we can chop around for a long time. Given the fact we are in wave (3) I don't anticipate a long wave 2 though as I have previously stated. For this to be standard we will drop to around the 0.382 @ $21.25 but would not be too far out of the ordinary to end at the 0.236 @ $18.66. My plan as of now, is to start layering in shares around $21.50. I may even buy a couple calls in that area depending on what MACD is telling us. Right now, on the hourly chart the MACD has started to curl up. This could be due this being a wave 4, but I think MACD dropped a little too far for that. With the depth it has dropped, it gives me confidence we're in a wave 2. The micros show some positive divergence, but that could just be due to a b wave about to form. In short, as said prior, I expect us to continue down tomorrow but you should be ready for the possibly we move higher given nothing is confirmed. Dropping below the prior wave 4 is a big indicator the upward structure is starting to crack. The prior wave 4 in this case is @ $21.65. If we raise impulsively, that is your clue we're most likely headed for the 0.786 @ $30.47. I will update tomorrow as needed. Bonam Fortunam, --Tyler
NASDAQ:RIVNShort
by TSuth
15
Rivian Update: is 1 finally done?That is the question I have been asking for the last couple days lol. When I say wave 3's are the strongest I wasn't kidding. They are also usually the longest wave too, and this is just the beginning. As of now I have a complete count, we're on negative divergence, and we are in the area of a normal ending area for this extension. I have said multiple times that the 2.618 is a common spot for us to end. Well, as soon as we crossed that fib, we started to chop and came just $0.02 cents aways from the 2.786 fib. I believe this formed an ending diagonal to finish out our wave 1. Rather it needs OMH or not I am unsure as of now. These are all just signs though, and nothing has been confirmed. We could still easily move up towards the 0.786 fib @ $30.47. If this is an ending diagonal, then the start of the retrace should be swift. This is a function of traders finally realizing they need to sell and giving up on the upside. Thus, the swift move is created. Because we are in wave (3) our retraces will most likely be small and quick in nature, not a rule just an observation I have made in other situations. Hopefully tomorrow we can start this retrace and have it only last a short time. Time will tell, good luck! Bonam Fortunam, --Tyler
NASDAQ:RIVN
by TSuth
12
RIVIAN Channel Up targeting $35.50Rivian (RIVN) gave us a great break-out buy entry on our previous November 29 analysis (see chart below) as it broke above the Inner Lower Highs and hit our $21.00 target: The pattern that is now dominating the 1D log chart is a Channel Up. The 1D MA50 (blue trend-line) is about to negate the recently made Death Cross and cross back again above the 1D MA200 (orange trend-line) to form a Golden Cross. This will be a strong bullish continuation signal for the current bullish leg of the Channel Up. We are bullish again on this stock, targeting $35.50, which is the 1.382 Fibonacci extension, the Feb level where the previous Higher High was made. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNLong
by TradingShot
3
Rivian Weekend UpdateI'm not going to spend much time on this as I have been very clear/thorough with my expectations on what I think will happen next. It looks like we have carved out an a-b wave with a c wave to follow. The c wave should ideally complete Monday. The primary question I will have at that time is, will it be an abc to complete our A of 2 or will it be the whole ABC of 2? The answer should hopefully reveal itself early next week. When we enter into the smaller box with a thicker border, I will start to re-accumulate at a slow pace depending on the structure. I still have 200 shares at this time and would like to pick up another 300 or so along with a big ole handful of calls. I work Monday but will try to update y'all as able/needed. Good Luck and as always, I will try to post any trades I make on here. Bonam Fortunam, --Tyler
NASDAQ:RIVN
by TSuth
22
Rivian Update: I love it when a plan comes togetherAs the title suggests, I love it when things work out lol. We have received some key indicators the last couple days suggesting my count is correct. For instance, the 3min MACD did NOT make a new high today despite it making a new high on the 1Hr chart. The previous high on the 3min MACD was with-in my wave iii count, right where it is supposed to be. That is a good indicator this move up is still wave 1 of (3). Also, the 1HR MACD is starting to curl down which is another indicator this move is coming to an end. I'm not saying this move up is done, only that if it isn't done already, it will be soon. I can count a 5-wave move for what I am calling our mini-wave 5 though, so this thing could easily start it's retrace tomorrow. That being said, it ain't over till it's over and we could continue to extend out to the 2.618 which is the most common endpoint for extensions. As most of my long-term followers know, I don't predict time as corrective waves can chop forever. One thing to remember though, if this is indeed wave (3), then retraces should be short due to the momentum of moving higher/being in the strongest portion of the count. I could be one degree off technically and this could be the start of wave 3 of (3) just due to the shear strength of the move up. As I stated earlier though, I would have expected the MACD to show more strength if that was the case. On the chart I have a target box for wave 2. I know it is a big box, but that is because the range in which we can retrace is great. Normally I would want us to at least hit the 0.618 retracement fib, but since we are in wave (3) it could easily only drop to the 0.382 retracement fib. Until I have the A-B wave's I cannot make a narrowed target. Once price carves them out, I will supply an update with that info. Due to the strength of the current wave though, wave 2 could literally be carved out with-in one pre-market session. I am not anticipating this, but something y'all should be aware of. Good luck everyone! Here is the 3min chart with the micro labels. P.S: Notice how all the sudden there is nothing but glowing news coming out for Rivian? AFTER I had already forecasted this move higher...food for thought. Bonam Fortunam, --Tyler
NASDAQ:RIVN
by TSuth
21
Rivian Automotive (NASDAQ: $RIVN) Meteoric Rise Rivian (NASDAQ: NASDAQ:RIVN ) has been a roller coaster since its initial public offering (IPO) in late 2021. Except it's only been one part of the roller coaster ride: the part where it sharply drops. Rivian has shed roughly 80% of its value since its IPO, but as the company heads into 2024 with some momentum, is the time finally right for investors to jump back in? Fundamentals Analysis New batteries Let's talk about something else that could move the needle for Rivian investors: its new battery packs. Recently its chief financial officer, Claire McDonough, detailed a couple of interesting battery developments. Rivian is introducing a standard battery pack that lowers the selling price of R1 vehicles from roughly $78,000 down to $70,000, opening up a larger addressable market. But it also teased a new battery that's simpler to manufacture. The simpler battery is expected to remove thousands of dollars of costs from production. That's perfect timing for a company that has its sights set on becoming gross-profit positive in 2024 and has already made substantial progress in cutting its loss per vehicle. In fact, its gross profit per vehicle improved by $2,000 sequentially in the third quarter. Better yet, Rivian will begin construction of its Georgia plant in early 2024, which will set the stage to roll out its new R2 vehicles by 2026. Those vehicles are set to sell for roughly $30,000 less than its R1 vehicles, broadening its target market. Is Rivian a Buy? NASDAQ:RIVN is truly making improvements in a lot of areas, including reducing its cash crunch, expanding its options to sell delivery vans, and setting the stage for new vehicles and new battery packs. And it hasn't had to deal with tense labor negotiations because its sole factory is not unionized. Remember that Ford and GM are busy offsetting billions in cost increases from their new United Auto Workers contracts. Rivian Automotive (NASDAQ: NASDAQ:RIVN ) is trading above the 50, 100 & 200-day Moving Averages Respectively, indicating continual of the current trend.
NASDAQ:RIVNLong
by DEXWireNews
Rivian Update: Count is on trackToday was a good day. Hopefully others were able to take advantage of Rivian's moves. Keep in mind this is just the beginning. The next target I have, as you can see by my box, is $20.91-$21.64. Price could easily extend beyond that point but that is the "standard" ending for what I am calling wave 1 of (3). If price does extend out, then the most likely next ending would be the 2.618 fib extension @ $23.89. You can't see it on here I don't think, but the 2.618 is right by where my two trend lines intersect. Let's not get too ahead of ourselves though and remain conservative as to keep the profits we have already made. From where we are now It seems we have almost finished this micro (i) of v. To me, the micro's look as if it is in its last mini-wave 4&5 of i. We are also approaching my trend line and will most likely bounce down off of that IF we reach it. That would make a good spot to end the mini-wave i and start our retrace for ii. Until we finish mini-wave i and have started wave ii I'm not going to try and guess where we will retrace to. Technically according to EWT rules we can retrace all the way to $17.77 and still remain a valid count. Also, something else to keep in mind, we made a new high today and almost have a 5-wave structure moving up. This could, technically speaking, be ALL of wave v of 1. I don't think either are the case, but something to keep in the back of your mind to be ready for any scenario. I work tomorrow but will update as able. Good luck everyone!! P.S: In case you missed it, I have exited ALL option positions. I have still retained my shares as I don't have to worry about decay / added volatility. I am not bearish as you can tell, I just wanted to capture their profits. When we retrace, I will buy more options and post them on here as always. Bonam Fortunam, --Tyler
NASDAQ:RIVNLong
by TSuth
24