NVIDIA seems to be near the completion of its wave 3.
In log scale, we can easily see 5 waves completed forming the inside of wave 3.
In the log scale chart we are also at the resistance area of the line linking the tops.
A pullback, possibly all the way down to $400, would be imaginable for a wave 4.
We are seeing negative divergence on the RSI-21 week which adds a bit of confidence to this call.
New highs in the short term would possibly means that the stock is making extension and going further into its parabolic move.
In log scale, we can easily see 5 waves completed forming the inside of wave 3.
In the log scale chart we are also at the resistance area of the line linking the tops.
A pullback, possibly all the way down to $400, would be imaginable for a wave 4.
We are seeing negative divergence on the RSI-21 week which adds a bit of confidence to this call.
New highs in the short term would possibly means that the stock is making extension and going further into its parabolic move.
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