View: slopechart_RIVN.jpg

Since its low in April 2024, RIVN has teased a bullish comeback.  
Juxtaposed to the regular series of higher lows, are the irregularity of the highs, a reflection of uncertainty and RIVN is yet struggling to partake in a bullish revival. 
Price has formed an *h*: A breakdown of the *h* at 13.64, breaks the series of higher lows and with it, tags a gap fill at 12.98 as an initial downside target. Next support lower I’ve drawn is at 11.70, and if we lose that support, I’d bet that price hits bottom. 
Price could defy the *h* and shoot higher with a bullish breakout of the wedge (purple).