Rivian Update: POWER of EWT on FULL display today

Well, today was satisfying to say the least. I have been calling on a rise to start for a while now, and today I believe we have finally started that next big move higher. I have tried to be open about my limited experience comparatively and my need to improve on timing. I hope you all take that to heart when reading these posts that I create. I also want to thank Jesus for giving me the ability to predict price movements as I do. Without Him I couldn't do this! I only hope you all allow Him into your hearts and witness His blessings for yourselves. 🙏

As you notice on the chart, I again have multiple different colored labels. Per the usual, white=Primary, turquoise=1st ALT, orange=2nd ALT. My primary is allowing for a slight overlap in pricing with one stipulation. It HAS to go up from here. If it makes another low below $18.27 then my 2nd ALT becomes my primary. I know some of you are thinking, What about the 1st ALT? If price drops below $18.27, then that would cause price to overlap yet again, and I won't replace an overlapping count with another. That would break it down to these two options imo--#1: 2nd ALT suggesting we are in yet another wave 2 for another extension, #2: price/the count are breaking down.

The arguments for my primary are in abundance. The 3min MACD made a new high since we bottomed on 10 Nov., ALL smaller timeframe and daily/weekly MACD's are pointing up, P/C ratio=0.395, Friday's and now today's impulsivity/strength etc. etc. Honestly, I could keep going lol. The 1Hr MACD hasn't pierced the red line I made yet though. This could signify extensions being made, just plain old complexity increasing, or potentially even the count starting to fracture/fail. Yes, that did escalate quickly! lol, I don't think price is starting to fail at this time...but something we need to watch out for, nonetheless.

2nd ALT suggests I am one degree off, and we have already completed our wave iii/iv and should move higher for wave v. The difference between my primary and 1st ALT will be very small and hard to distinguish until a little later in the count. So, unless we get clarity in price action or MACD I will most likely be tracking both of these counts for a while. Attached below is my 4HR chart showing a zoomed out big picture outlook, and a 3min chart as well showing how high MACD went today along with the micro price action. Tomorrow I am off and will be watching price action. If warranted I will make updates throughout the day.

3min chart

4HR chart

Bonam Fortunam,
--Tyler

P.S: Who loves EWT???!!!!

הערה:

Not much to add to this post as today largely abided by the primary count. I expect us to continue this rise tomorrow and maybe even have a bigger day. I will update as necessary.