Rivian 3 Drives AccumulationReal clear lower broadening trend, with 3 drives to the low and what would now be considered the end of the spring phase.
This is where you would expect to see a retest of the range low to confirm that the breakdown was rejected, and the range is now being considered support.
A lot of overlapping price action on the way back up, but the top of the range is the target, with a stop in the 24.93 range there. Often this is where youd see a partial decline in the lower range, and then an extension to the top of the range for the sign of strength
Targets above the range would be the 1.618, 2.0, and 2.618 if it ends up doing a full return.
Wallstreet made a ton of money on the way down, the easiest way to make more, is to run it back as shorts unwind and new participants enter.
