Rivian Automotive
Long

RIVN looks ready after a flat

148
RIVN bounced off the 61.8% retracement of W-(1), looked like a clean impulse besides the very deep retracement of W-2, but still valid. Wave B looks like 3 waves up and was rejected off the 127% making it look like an expanded flat. This then followed into an ending diagonal for C right into that 61.8% retracement of W-(1) and not quite hitting the 161.8% extension of W-A.

On a smaller timeframe, this last leg down could look like a 1-2 1-2 and needs a second 4-5 still. One more low could be in order.

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