Overview: let's review the expectations of the previous update:
Update: NVDA followed the proposed path beautifully. I think we have completed wave x of (II) as a triple zigzag and next will have wave y of (II), which I think is going to be slow and bore many out of their positions. Also, we will probably move inside a channel parallel to the major one as shown on the daily chart.
Note that as time passes, I remove some of the subwaves' counts of previous waves to have a cleaner chart.
- We have peaked for wave (I).
- Wave (II) to take a considerable time to complete.
- For now, I am considering a triple zigzag to from in wave (II), but that's no guarantee and as time passes, we will gain a better insight.
Update: NVDA followed the proposed path beautifully. I think we have completed wave x of (II) as a triple zigzag and next will have wave y of (II), which I think is going to be slow and bore many out of their positions. Also, we will probably move inside a channel parallel to the major one as shown on the daily chart.
Note that as time passes, I remove some of the subwaves' counts of previous waves to have a cleaner chart.
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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.