Nvidia has recently pushed to a fresh local high, but it then rolled over into a sharp selloff. As a result, we now view the latest smaller upswing as complete, and place price action in the final downswing of the current broader intermediate correction. We expect the corresponding low to form above the $145.50 support level. After that, we’re looking for a rebound into our red Target Zone ($227.38 to $260.60), where the ongoing higher-level bullish cycle should also be completed. In the alternative scenario, the broader upcycle may have already topped out at the $212.16 peak. In that case, the stock would already be in a higher-level correction and would next break below the $145.50 support (probability: 33%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.