ElliottWaveBelgium

NVDA - At 1000$ mark before end of the week ?

Long
BATS:NVDA   NVIDIA
NVIDIA's chart is getting interesting. There's a chance we might see a breakout towards $1000, and here's why:

Elliott Wave Triangle in Play?

Sharp traders might have noticed a possible Elliott Wave triangle forming. This pattern often appears before a significant price movement. Right now, it looks like wave E (the last one) is unfolding. If it breaks above the resistance line, things could get exciting!

Here's the breakdown:

Triangle Pattern: Notice how the price has been stuck in a tightening range? This suggests indecision, but it can also build up buying pressure for a potential breakout.
Wave E: If this is the final wave, a clean break above resistance could be the key to unlocking that $1000 target.
So, if the triangle plays out as expected, we could be in for a nice 15+% run. Just be sure to manage your risk carefully.

For experienced traders looking to maximize gains, strategically buying near the bottom of wave E could be an option. This minimizes risk by entering before a potential breakout, but remember, it requires active management and a good trading plan.

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.