Hi everyone,
This is the first post of my weekly updates on NVDA. Since ATH of November 22nd, 2021, we have initiated a correction in the form of a triple zigzag. So far, we have completed the first zigzag (w), the first wave x, and second zigzag (y). Currently, we are near the completion of the second wave x.
Lets look at the hourly chart:
We can see that wave x is developing as a zigzag. Right now, wave IV of (c) of x is almost complete. Potential targets for wave x peak (~190):
1) Wave x: 190.14 and 197.43
2) Wave (c): 191.86 and 196.54
Please note that for some unknown reason, when I have the extended chart enabled on TradingView, it messed up with my wxyxz labels on the daily chart.
This is the first post of my weekly updates on NVDA. Since ATH of November 22nd, 2021, we have initiated a correction in the form of a triple zigzag. So far, we have completed the first zigzag (w), the first wave x, and second zigzag (y). Currently, we are near the completion of the second wave x.
Lets look at the hourly chart:
We can see that wave x is developing as a zigzag. Right now, wave IV of (c) of x is almost complete. Potential targets for wave x peak (~190):
1) Wave x: 190.14 and 197.43
2) Wave (c): 191.86 and 196.54
Please note that for some unknown reason, when I have the extended chart enabled on TradingView, it messed up with my wxyxz labels on the daily chart.
