NVIDIA completed an irregular flat correction back in April. Since then, the price action has been strong and steady, forming higher highs and higher swing lows —a clear sign of bullish con-
continuation.
From an Elliott Wave perspective, the current move appears incomplete, as we cannot yet identify a full five five-wave advance from the April lows. This suggests that more upside may still be ahead.
However, we could see a wave four pullback develop sometime during the summer. If that occurs, the key support zone to watch would be around $140 down to $130, which could provide
an opportunity within the ongoing uptrend.
- Resistance: 170
- Support: 143 / 132
- Invalidation: 115
GH
continuation.
From an Elliott Wave perspective, the current move appears incomplete, as we cannot yet identify a full five five-wave advance from the April lows. This suggests that more upside may still be ahead.
However, we could see a wave four pullback develop sometime during the summer. If that occurs, the key support zone to watch would be around $140 down to $130, which could provide
an opportunity within the ongoing uptrend.
- Resistance: 170
- Support: 143 / 132
- Invalidation: 115
GH
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FOREX, US Single STOCKS, CRYPTO
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Stocks are free!
Learn Elliott Waves
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Stocks are free!
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Newsletter Sign up
👉 bit.ly/3FVPVzO
Related publications
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.