Overview: NVDA was a perfect match of our expectations. let's review the update of previous weekend:
Update: with the price action of this week, now we have an idea of the structure of wave B, which is developing as a flat. We have completed waves (A) and (B) of flat and wave 3 of (C) of B is currently in development. I have the same range of 149.59-155 as the potential peak.
- Looking at the hourly chart, I believe we have completed wave A of III of (c) of y. The gap of September 1st, could have been a type of exhaustion gap, causing a period of pause in the bearish move, as wave B of III.
- Potential target for wave B peak? 149.59-155
Update: with the price action of this week, now we have an idea of the structure of wave B, which is developing as a flat. We have completed waves (A) and (B) of flat and wave 3 of (C) of B is currently in development. I have the same range of 149.59-155 as the potential peak.
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Related publications
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.