RIVN we can have 2 scenarios with. The count I have drawn is bullish and that we are going to be pushing higher if W4 has ended, which technically it could be over with since we hit the 0.236 and pushed higher off of it. Even if we push lower to the 0.382 or even the 0.5 level that can still be a W4 correction from W3. As of now, I am going to stick with that the W4 we are in right now and trying to push to W5 higher.
If we fall from here then this count would be an ABC correction and we will continue to make new lower lows as the overall trend is still down.
If we fall from here then this count would be an ABC correction and we will continue to make new lower lows as the overall trend is still down.