Rivian closed the week over the MA50 (1d) and since it held both the MA200 (1d) and Support (1) intact, has most likely invalidated the scenario of Lower Lows.
We may see a 4-6 upward consolidation first as last March-May, before a new yearly High.
Trading Plan:
1. Buy on the opening price.
Targets:
1. 32.00 (Fibonacci Channel 3.0 extension).
Tips:
1. The RSI (1d) crossed over its Falling Resistance. A strong sign of accumulated bullish momentum.
Please like, follow and comment!!
We may see a 4-6 upward consolidation first as last March-May, before a new yearly High.
Trading Plan:
1. Buy on the opening price.
Targets:
1. 32.00 (Fibonacci Channel 3.0 extension).
Tips:
1. The RSI (1d) crossed over its Falling Resistance. A strong sign of accumulated bullish momentum.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.