This post analyzes NVIDIA Corporation (NVDA) using Elliott Wave principles on the 4-hour chart.
Key highlights include:
1. A corrective ABC pattern nearing completion, with Wave (4) projected in the blue target zone between $117.21 (1.382 Fib extension) and $125.36 (Wave 1 level).
2. Potential bullish reversal expected within this zone, aligning with a confluence of trendline support.
3. Upside targets for the next impulsive wave: $146.81 and $167.27, marking Fibonacci resistance levels.
4. Stop-loss level strategically set at $112.67 to manage risk effectively.
This setup anticipates a continuation of the bullish trend upon confirmation of the reversal. Trade cautiously and follow your strategy!
Key highlights include:
1. A corrective ABC pattern nearing completion, with Wave (4) projected in the blue target zone between $117.21 (1.382 Fib extension) and $125.36 (Wave 1 level).
2. Potential bullish reversal expected within this zone, aligning with a confluence of trendline support.
3. Upside targets for the next impulsive wave: $146.81 and $167.27, marking Fibonacci resistance levels.
4. Stop-loss level strategically set at $112.67 to manage risk effectively.
This setup anticipates a continuation of the bullish trend upon confirmation of the reversal. Trade cautiously and follow your strategy!
@ TheStockWhale on Twitter / X
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
@ TheStockWhale on Twitter / X
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.