Since the end of last week, Nvidia has been facing increasing downward pressure. Our primary scenario, however, calls for a recovery and suggests that the stock should complete the green wave [X] closer to but still below the resistance at $212.16. The subsequent wave [Y] should then finalize the larger correction of the beige wave IV above the support at $145.50. Afterward, we expect robust gains into our red Target Zone between $227.38 and $260.60, where the major uptrend of the lime-green wave [1] is likely to conclude. Nonetheless, there's a 33% chance that NVDA already completed wave alt.[1] at $212.16. In this case, the next move would dip below the $145.50 support.
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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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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.