RIVN

RIVN has been playing well in this channel and with the last lower low spring up bounce at the base of the channel made a nice retest back up to its supply zone at this upper range of this channel. There is a little potential flag Im watching for in this range to retest if we can maintain above 15.79. I set the grey zones over under the channel as a melt up and accumulation dip buy zones if it hits those ranges.

This accumulation bounce if we maintain this mid level on the bounce can create a nice run up potential to the 19.68 range IF we get through the grey zone. This is a play out till July 31 to Aug 14.

I will be watching this chop zone and the ABC Correction before looking at the entry at 14.57

Enjoy the education this is all theories not to be taken as financial advice.