Rigetti Computing Inc. (RGTI) U.S. Stocks Elliott Wave Analysis By Tradinglounge

✅ Try TradingLounge for just $1 for two weeks, then only $29/month (SAVE 58%!) 📈 Gain access to 8 professional analysts, real-time chat, AI-powered Elliott Wave charts, and strategic trade setups for 250+ markets. 👉 Start Your Trial Now Rigetti Computing Inc. (RGTI) Elliott Wave Analysis | Daily Chart Technical Analysis – Trading Lounge FUNCTION: Trend MODE: Motive STRUCTURE: Impulsive POSITION: Wave V DIRECTION: Uptrend Analysis: On the daily chart, Rigetti Computing Inc. (RGTI) has broken out from a running triangle pattern, indicating the initiation of Wave V. This move follows a consolidation phase that completed Wave IV. The breakout is accompanied by a rise in momentum and volume—key indicators that support a sustained bullish continuation. Price is now expected to trend higher, with resistance levels projected between $35 and $45, aligning with the expected move post-triangle breakout. Traders should monitor for follow-through buying to confirm the bullish structure remains intact. Rigetti Computing Inc. (RGTI) Elliott Wave Analysis | Weekly Chart Technical Analysis – Trading Lounge FUNCTION: Trend MODE: Motive STRUCTURE: Impulsive POSITION: Wave V DIRECTION: Uptrend Analysis: The weekly chart reinforces the bullish view, showing that Wave IV completed as a contracting triangle, in line with Elliott Wave alternation principles (as Wave II was a sharp move). The early July breakout above the triangle boundary marks the beginning of Wave V, which is now in progress. Targets: Initial resistance around $40 Potential extension to $65, based on a 1.618 Fibonacci projection of Wave I from the Wave IV low This structure remains valid as long as the price stays above the Wave IV low. Technical Analyst: Dhiren Pahuja Visit: TradingLounge.com for more expert insights. ✅ Try TradingLounge for just $1 for two weeks, then only $29/month (SAVE 58%!) 📈 Gain access to 8 professional analysts, real-time chat, AI-powered Elliott Wave charts, and strategic trade setups for 250+ markets. 👉 Start Your Trial Now YOU CAN REACH ME via: LinkedIn:https://linkedin.com/in/petermathers Facebook: https://www.facebook.com/tradinglounge/ Twitter: https://twitter.com/tradinglounge https://tradinglounge.com/discount Special Trial Offer - Buy 3 months subscription and get 5 Months! Click here https://tradinglounge.com/341 7 Analysts Over 200 Markets Covered Risk Disclaimer - This is not financial advice. The material does not contain (and should not be construed as containing) personal financial or investment advice or other recommendations, or an offer of, or solicitation for, a transaction in any financial instrument. The information does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Tradinglounge accepts no responsibility for any use that may be made of these comments and for any consequences that result. Tradinglounge™ uses a range of technical analysis tools, such as Volume Analysis, Trading Levels, Elliott Wave, software, and fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our Trading Lounge™ websites and our Trading Lounge™ Membership and social media platforms has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, trading lounge takes no responsibility whatsoever for your trading losses or profits This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading all and any financial products. #RGTI #RigettiComputing #ElliottWave #TechnicalAnalysis #ImpulsiveWave #Wave5 #StockBreakout #TrianglePattern #TradingLounge #BullishStructure #WaveCount #VolumeAnalysis #DailyChart #WeeklyChart #FibonacciTarget #WaveV #PriceProjection #StockSetup #MomentumBreakout #TrdingLounge