NVDA Pullback in Expanded Flat Elliott Wave Structure
172
Since bottoming on October 13, 2022 at 108.16, the stock has so far rallied in 3 swing. The rally from there is proposed to be unfolding as a nest where it ended wave I at 187.9 and pullback in wave II ended at 138.84. The stock extends higher again in wave III with internal subdivision as another 5 waves in lesser degree. Up from wave II, wave ((1)) ended at 230.20 as the 1 hour chart below shows. Pullback in wave ((2)) is currently in progress as an Expanded Flat Elliott Wave structure.
Down from wave ((1)), wave A ended at 216.21, wave B ended at 222, and wave C lower ended at 208.11. This completed wave (A) in higher degree. Rally in wave (B) ended at 230.49 with internal subdivision as a zigzag structure. Up from wave (A), wave A ended at 222, pullback in wave B ended at 213.66, and wave C higher ended at 230.49. This completed wave (B) in higher degree. The stock then extends lower in wave (C) as an impulsive structure. Down from wave (B), wave 1 ended at 221.06 and wave 2 ended at 229.80. The stock then extends lower in wave 3 towards 209.75, and rally in wave 4 ended at 215.56. Expect wave 5 to end soon which should complete wave (C) of ((2)). Afterwards, stock should resume higher again or at least rally in 3 waves.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.