Nvidia still need to complete it's firts elliot wave count
I suspect wave 3 is now completed and it will come back down to complete wave 4
Possible targets are 210 and 120 dollar (0.145 and 0.236 Retracement)
Beneath you can find the internal counts
The internal counts have extended wave 3 and 5 (2.618 - 4.236 Extension)
So its very impulsive, what you expect in a third wave
I suspect wave 3 is now completed and it will come back down to complete wave 4
Possible targets are 210 and 120 dollar (0.145 and 0.236 Retracement)
Beneath you can find the internal counts
The internal counts have extended wave 3 and 5 (2.618 - 4.236 Extension)
So its very impulsive, what you expect in a third wave
Note
Expecting an lower high to be formed in near term or an slightly higher high Looking for the start of the correction wave 4
At least a pullback to the 0.236 Fib retracement from last year's low
And fill partially at least the GAP created from June
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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.