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TradeWaves-EWA
Feb 4, 2021 7:59 AM

🎮 Nvidia — Big 🐻 comes out of hibernation. Long

NVIDIA CorporationNASDAQ

Description

4D
NASDAQ:NVDA

I really want to believe that only the first wave of V of (III) is formed from the top of triangle IV. But it is necessary to prepare for the worst — for the main scenario, where on the horizon the senior correction of the fourth wave of the "Supercycle" degree with approximate goals of ⁓10$.

1D
NASDAQ:NVDA

The area indicated by the pink channel can serve as a reversal target. In the range of 830-870, there is a cluster of significant Fibo extensions. The primary wave will complete its target by reaching 161.8% of the wavelength . When the values of 830-840 are reached, the wave will divide the wave V in the Fibonacci ratio, and the waves (1)-(5) in the composition of V will reach equality.

2h
NASDAQ:NVDA

It is very likely that the wave (4) is completed by a contracting triangle with a further exit up. An excellent setup for buy trades with an eye on the early resumption of growth with the final wave (5) of.

The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Comments
jameslixing
I like your optimistic, however, I think there got to have some events to trigger the price upward. What would that be?
TradeWaves-EWA
@jameslixing, Social mood motivates social actions,
not the other way around. Social mood is endogenously regulated,
not prompted by outside forces.
Unxi
Awesome, your setup played out pretty nicely! Thanks for providing this analysis, will follow you from now on.
TradeWaves-EWA
@Unxi, 🤝
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