$RIVER Prints Local Top | 38.2% Fib Rejection Verified

Strategy: Tactical Short (Mean Reversion)

Trigger: 38.2% Fib Rejection at $38.20

Current Price: 35.4

Invalidation: Reclaim of $38.50 (Hard Stop)

Target: $27.00 – $24.50 (Major Demand Zone)

$RIVER has hit terminal exhaustion after its parabolic run. We just witnessed a surgical rejection at the 38.2% Fibonacci retracement level, followed by an immediate influx of sell-side volume. Buying power has completely flatlined, suggesting that the "Smart Money" is now distributing to late-retail buyers.

The tape is showing a heavy "waterfall" structure forming. I am entering a market short here to capture the mean reversion back toward the $27 breakout support.

RIVER

Alpha

35.92

-18.52%