Stoic-Trader

NVDA - Expecting the pullback to continue

Short
NASDAQ:NVDA   NVIDIA
After a very long run to the upside, NVDA seems to be out of gas, at least in the short term.

In my primary count, we have reached a long term wave 5 (black), which could lead us to a long correction cycle.

Nevertheless it´s still to early to tell, and I like to work with what´s in our hands right now: a falling wedge, which I believe could take us to the first level of support (and a gap) at $231, which is also 50% pullback from the 2021 impulse.

📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)

linktr.ee/stoic.trader
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.