Nvidia recently showed a clear move to the upside, leading us to view the previous correction as complete and to prepare for further gains in the near term. Currently, we see NVDA in the final upward stage of a broader bullish cycle and are looking for further gains into our red Target Zone ($227.38–$260.60). The cycle top is expected to form within this range. In our alternative scenario, NVDA may have already completed the upward cycle with the peak at $212.16. If so, the stock would now be in a broader correction and could next fall below support at $145.50 (probability: 33%).
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🚀 Spot trends early with momentum, sentiment & price structure
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