NVIDIA after a recent bullish trend has formed an Expanding Flat correction.
Key Levels to Watch:
❓ Is this the final leg down before a bullish reversal, or more downside ahead?
- Wave (B) exceeded Wave (A)’s start, confirming this as an Expanding Flat (3-3-5) structure.
- Wave (C) is in progress, unfolding in a five-wave sequence.
- The 1.618 Fibonacci extension (~102 USD) is a key support zone, with 2.618 (~56 USD) as an extreme bearish target.
- A reversal could follow after Wave C completes, so these levels are crucial to watch.
Key Levels to Watch:
- 102 USD (1.618 Fib extension - first support zone).
- 56 USD (2.618 Fib extension - extreme bearish case).
❓ Is this the final leg down before a bullish reversal, or more downside ahead?
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
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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.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
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.