Hi Traders!
On Nov. 5th, Rivian created a daily bullish CHOCH pushing price to resistance at $18. The following weeks showed price returning back to retest that daily CHOCH. Since then, it looks to me that Rivian is working to complete a cup and handle pattern (Lower TFs).
IMO the daily and weekly look bullish, and Rivian could be setting up to break past resistance at $18. Therefore, my plan is to long swing Rivian to a potential target at $20. My ideal entry would be around/in between $16-$16.50, but when looking at a lower TF $17 area could be respected. Watching closely, and alerts are set!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
On Nov. 5th, Rivian created a daily bullish CHOCH pushing price to resistance at $18. The following weeks showed price returning back to retest that daily CHOCH. Since then, it looks to me that Rivian is working to complete a cup and handle pattern (Lower TFs).
IMO the daily and weekly look bullish, and Rivian could be setting up to break past resistance at $18. Therefore, my plan is to long swing Rivian to a potential target at $20. My ideal entry would be around/in between $16-$16.50, but when looking at a lower TF $17 area could be respected. Watching closely, and alerts are set!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Trade ativo
Entry target hit (12/11), and it's on its way to TP.Nota
Rivian seems to be in a retracement phase after breaking through $18. My ideal retest target on a higher TF would be around $18-$19. My next TP target would be around $24. Alerts set!
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.