Elliott Forecast - Nvidia (NVDA) Bullish Run Has Room to Go Further | ResearchPool

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Elliott Forecast

Daud Bhatti

Nvidia (NVDA) Bullish Run Has Room to Go Further

July 6, 2023 By

Nvidia (NVDA) pullback to 396.59 ended wave (4) as the 30 minutes chart below shows. Internal subdivision of wave (4) unfolded as a . Down from wave (3) on 6.21.2023 peak, wave ((a)) ended at 420.8 and wave ((b)) rally ended at 434.67. The stock resumed lower in wave ((c)) towards 418.75 and this completed wave W. Rally in wave X ended at 427.64. Nvidia then resumed lower in wave Y with subdivision as a zigzag structure. Down from wave X, wave ((a)) ended at 401, rally in wave ((b)) ended at 419.40, and wave ((c)) lower ended at 396.59. This completed wave Y of (4).

The stock has turned higher in wave (5). Up from wave (4), wave ((i)) ended at 418.45 and dips in wave ((ii)) ended at 406. The stock resumes higher in wave ((iii)) towards 429.19, dips in wave ((iv)) ended at 418.51. Final leg wave ((v)) ended at 431.77 and this completed wave 1 in higher degree. Pullback in wave 2 is now in progress as a double three Elliott Wave structure. Down from wave 1, wave ((w)) ended at 423. Expect wave ((x)) rally to fail and the stock to resume lower in wave ((y)) to complete wave 2. As far as pivot at 396.59 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.

Nvidia (NVDA) 30 Minutes Elliott Wave Chart

NVDA Elliott Wave Video

Source:-forecast.com/news/nvidia-nvda-bullish-run-room-upside/

#trading #elliottwave #NVDA

06/07/2023 1 EN

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Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Daud Bhatti

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