NVDA 1 HOUR TREND PROGRESSION ANALYSIS

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This is my NVDA 1 hour trend progression analysis. The chart formed a Leg 4 trend, starting with an untested Leg 1 support at 123.05. Leg 2 broke this level to establish support at 132.31, then pushed up to target Leg 2's 139.53 support. Since Leg 3 couldn't break Leg 2's support, Leg 4 formed, followed by a failed test at the Leg 2 high. The price is now heading down to test the Leg 3 low at 130, which should be the profit target