An Elliot Wave analysis of Nvidia using the cycle, minor, and subminuette degrees. Nvidia is on its corrective wave A (subminuette) of wave B (minor) of the overall wave B (cycle). The price is expected to dip in the next weeks, but, because of the small corrective waves in the past, the price will have a very small corrective period. Now is a great time to short, but there are a few other options to make massive amounts of money off of this trade. A long order at the beginning of wave C (minor) and a short order at the beginning of wave C (cycle) are both great times to long/short respectively. Good luck fellow traders!
Comment
⋅
Wave A should finish shortly and be followed by a correction. Stay tuned!
@Avasreader, We probably used different fibs to get our targets or different methods. I used a trend-based fib time of 1 to get the target and it looks like you used the previous resistance to get your target. I guess only time will tell how far it goes up :)