(apologies: using mobile to post this idea and can't seem to publish only one chart on a 4 chart layout. Bottom right chart please)
I am convinced that NVDA is going to crash to a first price target of $300 very soon. It is well-known in Elliott Waves that a H&S set up is really the following:
Left shoulder: wave 3 and 4 of previous up move
Head: wave 5 of previous up move and wave 1 of new down move
Right shoulder: wave 2 and wave 1 of 3 of new up move.
NVDA is showing the classic, textbook setup. By common technical analysis measurement rule and Elliott Waves extension measurements, NVDA first price target is $300.
I am convinced that NVDA is going to crash to a first price target of $300 very soon. It is well-known in Elliott Waves that a H&S set up is really the following:
Left shoulder: wave 3 and 4 of previous up move
Head: wave 5 of previous up move and wave 1 of new down move
Right shoulder: wave 2 and wave 1 of 3 of new up move.
NVDA is showing the classic, textbook setup. By common technical analysis measurement rule and Elliott Waves extension measurements, NVDA first price target is $300.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.