In March when Nvidia was at 170, I had posted a chart regarding its upmove and the top to happen within 235-245 range. I was able to count the entire supercycle 3 elliot waves completion and the structure stays true even now in August.
Now technically, within the corrective strucutre, we are in something called wave extension in Nvidia where the corrective strucutre will take it to its previous highs or likely a little beyond and that will be a time for being extra careful with Nvidia.
TLDR: Nvidia showing signs to hit 235-245 levels and top there. Watch out for price top signals in September.
Now technically, within the corrective strucutre, we are in something called wave extension in Nvidia where the corrective strucutre will take it to its previous highs or likely a little beyond and that will be a time for being extra careful with Nvidia.
TLDR: Nvidia showing signs to hit 235-245 levels and top there. Watch out for price top signals in September.
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We have hit the corrective zone, be extremely cautious here, a good probability of an upcoming drawdown 
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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.