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.*
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.