After Nvidia initially drew closer to our beige Target Zone between $150.09 and $139.58, the stock was recently pushed higher once again. Therefore, we still see a 40% chance that a new high for beige wave alt.III could emerge above resistance at $184.11. However, our primary view is that price has already entered wave IV, which should extend downward into the aforementioned beige zone. Since we expect a strong rally during wave V, this price range presents an attractive entry point for long positions, with a stop that can be set 1% below the lower boundary of the zone. Looking ahead, beige wave V should extend up to the blue Target Zone between $227.38 and $260.60, where it should complete the larger waves (V) in blue and [1] in lime green.
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Penerbitan berkaitan
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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
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.