After Nvidia initially reached a new local high, significant downward pressure recently emerged, erasing the gains from late January. Primarily, we attribute some additional upside potential to the green wave [X] and expect its high closer to the resistance at $212.16. However, below this level, price should turn downward again with wave [Y] to complete the larger correction of beige wave IV. We anticipate the corresponding low above the support at $145.50. In the subsequent wave V, we expect increases into our red Target Zone ($227.38 – $260.60), where the large light green wave [1] should also be completed. In our alternative scenario, NVDA might already have completed the light green wave alt.[1] with the peak at $212.16. In this case, the stock would already be in a larger correction and would next dive below the support at $145.50 (probability: 33%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.