RIVN DAILY WOLFE WAVE ACTIVE

13 Nov 2022

Another daily wolfe wave setup was triggered post midterms. The chart for RIVN is closing in on the 200 day ma which will act as short term resistance. Typically the first attempt usually rejects which will be approx at 37.4. Mid term tgt is estimated at $54 May 2023. With tax losses and Christmas rally into end of year, we should see most of the small caps rally and accelerate into Feb 2023. Keep in mind there is an open gap at $140.