As the title suggests, I fully expect tomorrow to be a red day for at minimum, the beginning of the (c) wave of 2, or c of (a) of 2. We can't know which part of wave 2 this is until we get the C wave at least started. I still have that smaller box in the chart, but make no mistake, that would be considered a shallow retrace. Hence the debate on what part of 2 this is making up. Due to the fact that we raised so high though for what I am calling wave 1, it is causing me to think that this count will follow a "normal" extended type of rise.
You will hear me say "normal" a lot because that is all I have to go on until price action gives us more details/data to refine my decisions. There are a few things that will help me distinguish which part of the retrace this is. As usual, MACD will help guide me, along with what type of structure is carved out after the this downward move is finished. Say we hit the small target box and then start to raise impulsively, then we know that was all of wave 2. If the move up is weak, and is choppy, you know that this was just c of (a) of 2 and we will head back down towards the yellow 0.236 fib.
The reason I zoomed out on the hourly, is so y'all can get a view of where we started. On the left hand side you see the (C) wave towards the bottom? That is where all of this started...and I called it. We then proceeded to move higher in a 5-wave impulsive fashion from $11.68 to $28.48. We then retraced in a 3-wave corrective move down to $15.12, which I also forecasted using only EWT.
Since November 10th we have moved up in a micro-5-wave impulsive fashion from the $15.12 bottom to $24.57 to complete what I am calling wave 1. Now remember, nothing has been "confirmed" as of yet since we haven't breached the prior wave 4. Given MACD and other clues, I am calling this complete at this time though. If wave 1 is in fact done, then we should retrace in a corrective 3-wave fashion marked with overlap. So far, I have 2 waves complete, with the clues pointing to a move down tomorrow creating the third wave. Is that all or just (a), idk but we should find out tomorrow or at least receive some clues at the minimum.
Let me really give y'all something to argue with me about lol. I predict that by the time this intermediate 5-wave move is done, Rivian will be trading around $75 at a minimum with a possible high of $150 with extensions. As y'all know I don't predict time as EWT has no mechanism to do so, but I feel we should be hitting those end targets around the 4th quarter of 2024. Keep in mind, I leave my emotions at the door and ONLY use facts/data the charts provide. I am not attached to ANY count as I care more about making money than being right. That is why you all see me trading conservatively the vast majority of the time. With this strategy, I have grown my ENTIRE portfolio by about 41% YTD and 74% since I took my account over 1.5-2years ago. This isn't to brag; it is to show you all, with strict rules and EWT you can make some serious cash. Not to mention the effects of compound interest. Because of these rules/form of analysis, I will be starting the new year with considerably more cash than this year. So, 41% profit in 2024 will create much much higher profits/returns. Fast forward 10 years, and think of where you could be with these kinds of results? Again, not bragging, just trying to stress how life changing this can be. Should you all decided to take the next step with me early next year, you too could achieve these results. Just ask some of my longer-term followers on here how they have fared this year.
Long-term Followers: Don't provide in depth details, but if you wouldn't mind sharing what kind of percentages you made this year, that would be amazing. This will hopefully help others to realize the potential here and possibly even change their lives, as mine has been changed. Just think about the freedom this could provide you and your family. I moved to part time Dec. 10th and am already preparing to quit altogether and work full time trading, making substantially more money. This will create complete freedom and complete independence from EVERYONE...FOREVER!!! As you vets know, I did this in LESS THAN 2 years time.....
I want to wish everyone good luck regardless of whatever you decide to do, and may God bless you and your entire family.
Bonam Fortunam,
--Tyler
You will hear me say "normal" a lot because that is all I have to go on until price action gives us more details/data to refine my decisions. There are a few things that will help me distinguish which part of the retrace this is. As usual, MACD will help guide me, along with what type of structure is carved out after the this downward move is finished. Say we hit the small target box and then start to raise impulsively, then we know that was all of wave 2. If the move up is weak, and is choppy, you know that this was just c of (a) of 2 and we will head back down towards the yellow 0.236 fib.
The reason I zoomed out on the hourly, is so y'all can get a view of where we started. On the left hand side you see the (C) wave towards the bottom? That is where all of this started...and I called it. We then proceeded to move higher in a 5-wave impulsive fashion from $11.68 to $28.48. We then retraced in a 3-wave corrective move down to $15.12, which I also forecasted using only EWT.
Since November 10th we have moved up in a micro-5-wave impulsive fashion from the $15.12 bottom to $24.57 to complete what I am calling wave 1. Now remember, nothing has been "confirmed" as of yet since we haven't breached the prior wave 4. Given MACD and other clues, I am calling this complete at this time though. If wave 1 is in fact done, then we should retrace in a corrective 3-wave fashion marked with overlap. So far, I have 2 waves complete, with the clues pointing to a move down tomorrow creating the third wave. Is that all or just (a), idk but we should find out tomorrow or at least receive some clues at the minimum.
Let me really give y'all something to argue with me about lol. I predict that by the time this intermediate 5-wave move is done, Rivian will be trading around $75 at a minimum with a possible high of $150 with extensions. As y'all know I don't predict time as EWT has no mechanism to do so, but I feel we should be hitting those end targets around the 4th quarter of 2024. Keep in mind, I leave my emotions at the door and ONLY use facts/data the charts provide. I am not attached to ANY count as I care more about making money than being right. That is why you all see me trading conservatively the vast majority of the time. With this strategy, I have grown my ENTIRE portfolio by about 41% YTD and 74% since I took my account over 1.5-2years ago. This isn't to brag; it is to show you all, with strict rules and EWT you can make some serious cash. Not to mention the effects of compound interest. Because of these rules/form of analysis, I will be starting the new year with considerably more cash than this year. So, 41% profit in 2024 will create much much higher profits/returns. Fast forward 10 years, and think of where you could be with these kinds of results? Again, not bragging, just trying to stress how life changing this can be. Should you all decided to take the next step with me early next year, you too could achieve these results. Just ask some of my longer-term followers on here how they have fared this year.
Long-term Followers: Don't provide in depth details, but if you wouldn't mind sharing what kind of percentages you made this year, that would be amazing. This will hopefully help others to realize the potential here and possibly even change their lives, as mine has been changed. Just think about the freedom this could provide you and your family. I moved to part time Dec. 10th and am already preparing to quit altogether and work full time trading, making substantially more money. This will create complete freedom and complete independence from EVERYONE...FOREVER!!! As you vets know, I did this in LESS THAN 2 years time.....
I want to wish everyone good luck regardless of whatever you decide to do, and may God bless you and your entire family.
Bonam Fortunam,
--Tyler
评论:
So far so good
评论:
As said before, MACD is what makes me think this is wave 2 but it could always be sending false signals. If this isn't 2, then we're in a wave 4 of some degree with another push up coming soon. On the micros, MACD is still indicating we will move lower.
评论:
I expect the downward momentum to pick up soon
评论:
We ended red for the day as predicted. The next time I post will most likely be after Xmas. Merry Christmas everyone!
交易开始:
Went ahead and bought 50 shares. It's a little risky but my risk reward is still skewed to the upside. Should price move against me my losses will be minimal. Should it move in my favor I should make $300+ just with the position I have now
评论:
Ideally this little retrace should be done or close to done and we should head up again soon.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
