Overview: let's review the key points of previous update:
Update: NVDA followed the proposed structure and was rejected from our target zone perfectly: wave (2) peaked at 140.31 on September 21st. Looking at the hourly chart, I believe that we are in wave (3) of C of III of (c) of y.
- NVDA followed the proposed structure of the flat, but fell short of the potential target and wave B peaked at 147.16.
- We have completed wave (1) of C of III of (c) of y and we are in wave (2), which is developing as a flat and I believe should complete by Wednesday September 21st (FOMC).
- Right now, we are in wave iii of C of (2).
- Potential targets for wave (2) peak? 135-140
Update: NVDA followed the proposed structure and was rejected from our target zone perfectly: wave (2) peaked at 140.31 on September 21st. Looking at the hourly chart, I believe that we are in wave (3) of C of III of (c) of y.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.