NVIDIA after a recent bullish trend has formed an Expanding Flat correction.
Key Levels to Watch:
❓ Is this the final leg down before a bullish reversal, or more downside ahead?
- Wave (B) exceeded Wave (A)’s start, confirming this as an Expanding Flat (3-3-5) structure.
- Wave (C) is in progress, unfolding in a five-wave sequence.
- The 1.618 Fibonacci extension (~102 USD) is a key support zone, with 2.618 (~56 USD) as an extreme bearish target.
- A reversal could follow after Wave C completes, so these levels are crucial to watch.
Key Levels to Watch:
- 102 USD (1.618 Fib extension - first support zone).
- 56 USD (2.618 Fib extension - extreme bearish case).
❓ Is this the final leg down before a bullish reversal, or more downside ahead?
WaveXplorer | Elliott Wave insights
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WaveXplorer | Elliott Wave insights
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📊 X profile: @veerappa89
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。