RIOT: looking for support in short term and a final capitulation

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RIOT: looking for support in short term and a final capitulationRiot Platforms, Inc.NASDAQ:RIOTmukit1RIOT bounced off the support area today, but most likely it is only for a short period. We should expect this to fade fairly soon and keep falling towards $10.4 target area. This could potentially be only the (a) wave of (y) wave of a larger complex correction. Until I see a strong full 5 waves structure with price moving above and establishing support above $17.4, I would consider the primary trend to remain in the downside. In April we can expect the full measure of the counter trend rally taking price towards $15, but that rally should fail to complete the complex structure with a final 5 waves move to the downside. It would be the final capitulation before price can finally move forward. The target for this complex correction would be between $10 and $7. Price cannot break below $6.2. If $6.2 breaks, then the entire count starting July 2023 will be invalid and we might be in for a larger breakdown. So, I will be a buyer between $10 and $7, with stop loss below $6.2.