✨️✨️✨️ This stock has clear impulsive structure as I broke it down in the chart



4 large waves (yellow) are completed RSI confirms the structure with Bearish Divergence of waves 3 and upcoming wave 5

4 minor waves (white) within the final large wave 5 finished as well Minor wave 4 was about to dip into the territory of minor wave 1 risking invalidation

Luckily for NVDA it did not happen and RSI also kept bullish so far.

Final minor wave 5 within the last large wave 5 is underway

Wave 3 already hit regular Fibonacci

based targets

Hence, minimum target for wave 5 is to hit the all-time high at $237

The resistance of the white uptrend channel built through waves 2 and 4 offers optimistic target highlighted with the blue box between $237 and $275

Invalidation is still there at the peak of minor wave 1 of large 5 below $177.

✅️ FOLLOW FOR MORE ✅️

#SummerCreationCamp

$NVDA
NVDA-2.01%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned