Elliott Wave Expects Nvidia (NVDA) to Extend Impulsive Rally
Short Term Elliott Wave View in Nvidia (NVDA) suggests that cycle from 9.6.2024 low is in progress as a 5 waves impulse. Up from 9.6.2024 low, wave (1) ended at 127.67. Dips in wave (2) ended at 114.7 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave structure. Down from wave (1), wave A ended at 117.72 and wave B ended at 122.44. Wave C lower ended at 114.7 which completed wave (2) in higher degree. The stock has resumed higher in wave (3). Potential target for wave (3) is 100% – 161.8% Fibonacci extension of wave (1). This area comes at 142.2 – 158.6 area.Up from wave (2), wave 1 ended at 120.83 and wave 2 ended at 116.42. The stock then nested higher with wave ((i)) ended at 124.36 and pullback in wave ((ii)) ended at 121.46. Expect the stock to extend higher to complete wave ((iii)), then it should pullback in wave ((iv)) before it resumes higher again in wave ((v)) of 3. Near term, as far as pivot at 114.7 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
Nvidia 60 Minutes Elliott Wave Chart
Nvidia (NVDA) Elliott Wave Chart
NVDA Elliott Wave Video
Short Term Elliott Wave View in Nvidia (NVDA) suggests that cycle from 9.6.2024 low is in progress as a 5 waves impulse. Up from 9.6.2024 low, wave (1) ended at 127.67. Dips in wave (2) ended at 114.7 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave structure. Down from wave (1), wave A ended at 117.72 and wave B ended at 122.44. Wave C lower ended at 114.7 which completed wave (2) in higher degree. The stock has resumed higher in wave (3). Potential target for wave (3) is 100% – 161.8% Fibonacci extension of wave (1). This area comes at 142.2 – 158.6 area.
Up from wave (2), wave 1 ended at 120.83 and wave 2 ended at 116.42. The stock then nested higher with wave ((i)) ended at 124.36 and pullback in wave ((ii)) ended at 121.46. Expect the stock to extend higher to complete wave ((iii)), then it should pullback in wave ((iv)) before it resumes higher again in wave ((v)) of 3. Near term, as far as pivot at 114.7 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
Nvidia 60 Minutes Elliott Wave Chart
Nvidia (NVDA) Elliott Wave Chart
NVDA Elliott Wave Video
/aP_bpsKu3XE
Source:-forecast.com/news/elliott-wave-expects-nvidia-nvda-extend-impulsive-rally/
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.