The bulls have maintained their momentum in Nvidia, effectively managing any interim pullbacks and allowing the stock to make further gains within the framework of green wave [3]. We still see some additional upside potential at this stage before an interim correction of wave [4] is likely. Well above support at $136.89, wave [5] should then begin, pushing the stock even higher and completing the larger beige wave III. That said, we still see a 33% chance that NVDA has only recently marked the corrective top of beige wave alt.B and could soon fall below $136.89, setting a new correction low for blue wave alt.(IV) near the $86.62 level. Primarily, however, we believe wave (IV) has concluded.
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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
🌐 Join thousands trading smarter at hkcmglobal.com
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.