NVDA
is currently in a consolidation phase following a recent exhaustion point of the FLOW SEQ. The minimum target for wave 5 has been reached, but there is still potential for further expansion.
The recent price action has not yet provided clear upward impulse exhaustion target.
Caution is advised at this stage.
The price has just found initial support on the catalyst level of a downtrend impulse.
As long as the closing level of $269.15 USD is not broken, a false bearish break of the ascending wedge is possible.
Beyond this level, a stronger correction is more likely.