NVIDIAShort
NVDA Bearish Elliott Wave Analysis
Disclaimer: I did this analysis with a strong bias that the market is overrun and purposely look for a bearish case for NVDA since it seems to be the one stock that is forcefully pulling the indices up. All other usual way of analyzing waves will give NVDA a target above $153.
In this analysis, I gave the following points:
1. On the weekly chart, we can see a clear downtrend in volume (can be seen on daily too).
2. RSI divergence on the daily.
3. An irregular correction W-X-Y-X-Z.
4. Fibonacci Target of the last wave.
Please use this with caution and only as a reference on how a bearish case for NVDA could be.
In this analysis, I gave the following points:
1. On the weekly chart, we can see a clear downtrend in volume (can be seen on daily too).
2. RSI divergence on the daily.
3. An irregular correction W-X-Y-X-Z.
4. Fibonacci Target of the last wave.
Please use this with caution and only as a reference on how a bearish case for NVDA could be.
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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.
Publications connexes
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.