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.
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.
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