Nvida has moved above its 07/14/23 top and has invalided the Elliott wave count illustrated in my prior NVDA post. The rally into a new high has taken the form of an Elliott wave - Ending Diagonal Triangle (EDT). This is a termination pattern of of the main trend.
Frequently EDT's have a throwover of the trendline connecting the termination points of waves "one" and "three".
After completion there's usually a rapid retracement to the EDT point of origin.
Frequently EDT's have a throwover of the trendline connecting the termination points of waves "one" and "three".
After completion there's usually a rapid retracement to the EDT point of origin.
