$HYPE has largely reached the projected target region for circle wave 3 and should now be working on wave 4.

Leading Scenario: The preferred view remains that the market is preparing for a larger wave 4 correction. The first support region is located between $58 and $44, with the 38.2% retracement near $49.80 representing the ideal target for a wave 4 pullback. The correction is expected to unfold as an ABC structure, potentially involving additional downside before the next larger advance begins.
Risk Scenario: Another high remains possible before the correction fully develops, with upside extensions toward the $130 region still allowed by the current structure. However, as the wave count becomes increasingly mature, the probability of a larger corrective phase continues to increase.
Key Support Levels: $53 / $49.85-$46.80 / $43.86
Key Resistance Levels: $73 /$87 / $130
Bottom Line: HYPE remains in an uptrend, but the current structure increasingly favors the development of a larger wave 4 correction before the next sustained advance.
$HYPE ‌#ShareYourUSStocksWinNvidia