Rivian Update: Finally on our way higher?

We closed out Friday very well with a $1.27 / +7.58% in retained Market cap growth. Don't get me wrong we could give some of that up tomorrow, but I believe we should be in wave 3 of iii right now so to sputter out this early would be worrisome. Not to mention we haven't even breached the wave 1 of iii high. We need to breach wave 1 by enough that it gives room for a wave 4 retrace. Ideally, I would like us to hit the 1.382 @ $19.60 or even extend higher before we have our next retrace.

Notice the red line on the MACD. I want us to breach this line which would be another indicator we are in fact in wave 3 of iii. Not required but typically something you should see. Hopefully tomorrow is a continuation of Friday and we jump at least another $1. Once I feel we start to get close to a local top I am going to sell most of my calls. I forgot to mention to y'all, on Friday, I sold 5 of my calls that expire 15 Dec. to capture some profits. Good luck y'all!

Bonam Fortunam,
--Tyler

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As of now we have positive divergence

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Last two days have closed red but we're still on pos div at this time. This gives me confidence in the count. Tomorrow night I will make a new post

Trade closed manually:

Closed my Dec 15 contracts

Comment:

Man I love EWT!!!! I'll make a new post tonight

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We haven't even breached my red line on the MACD yet indicating this push higher is still in its infancy. I expect us to breach it very soon.