Overview: in my previous update of NVDA published on May 27th, I had wave 4 of (C) of 3 of c of (III) of a of 5 under development. I had 420 for wave 3 (light green) peak, and 360 for wave 4 (light green) bottom.
Update: NVDA followed the proposed path perfectly, wave 3 peaked at 419.38 and so far, wave 4 bottom is 373.56. Wave 4 has developed 2 zigzags so far (yellow wave (W) and wave (Y)) and it is possible that we are already in wave 5 (light green) or develop a third zigzag (Z) in wave 4, then start wave 5.
If wave 4 is not finished, I have 353.98 as my target for wave 4 bottom.
If we break out of the descending red channel, we know that wave 5 is under development and my target for wave 5 peak (=dark green (III)) based on fibonacci retracements is ~477-481!
Update: NVDA followed the proposed path perfectly, wave 3 peaked at 419.38 and so far, wave 4 bottom is 373.56. Wave 4 has developed 2 zigzags so far (yellow wave (W) and wave (Y)) and it is possible that we are already in wave 5 (light green) or develop a third zigzag (Z) in wave 4, then start wave 5.
If wave 4 is not finished, I have 353.98 as my target for wave 4 bottom.
If we break out of the descending red channel, we know that wave 5 is under development and my target for wave 5 peak (=dark green (III)) based on fibonacci retracements is ~477-481!
- 477.05: red wave c = 2.965*red wave a
- 480.53: dark green wave (III) = 4.236*wave (I)
- 481.15: light green 5 = 0.5*light green 1-3
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.