The possible impulse shown in the last analysis was actually just a correction before the next leg down.
I´m zooming out to the weekly chart, since we seem to be correcting the whole lifecycle of NVDA.
Bulls could come back at 2 major support zones:
First: 132 zone, which is the confluence of demand from waves 3-4 and 61.8% pullback.
Second: 74 zone, which is the confluence of 2019-2020 highs and 161,8% extension on the ABC.
I´m zooming out to the weekly chart, since we seem to be correcting the whole lifecycle of NVDA.
Bulls could come back at 2 major support zones:
First: 132 zone, which is the confluence of demand from waves 3-4 and 61.8% pullback.
Second: 74 zone, which is the confluence of 2019-2020 highs and 161,8% extension on the ABC.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.