NVIDIA Corp. (NVDA) – Daily chart
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Mode: Corrective.
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Function: Counter Trend.
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Structure: Flat.
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Position: Wave (4).
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Direction: Bottom in wave (4).
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Details: Exploring a possible bottom in wave (4) after a five-wave move into wave {i}, followed by a three-wave corrective move in wave {ii}.
NVIDIA Corp. (NVDA) – One-hour chart
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Mode: Corrective.
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Function: Counter Trend.
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Structure: Flat.
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Position: Wave (c) of {ii}.
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Direction: Completion in wave {ii}.
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Details: Watching closely for a bottom in wave (c). The price has surpassed the 1.618 level in relation to wave (a) and is approaching the 2.0 ratio. A reversal from this area would validate the current wave count; otherwise, the structure may be invalidated.
Nvidia Corporation (NVDA) Elliott Wave technical analysis [Video]
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