Overview: let's review the key points of previous update:
Update: NVDA followed the proposed structure and was rejected from our target zone perfectly: wave (2) peaked at 140.31 on September 21st. Looking at the hourly chart, I believe that we are in wave (3) of C of III of (c) of y.
- NVDA followed the proposed structure of the flat, but fell short of the potential target and wave B peaked at 147.16.
- We have completed wave (1) of C of III of (c) of y and we are in wave (2), which is developing as a flat and I believe should complete by Wednesday September 21st (FOMC).
- Right now, we are in wave iii of C of (2).
- Potential targets for wave (2) peak? 135-140
Update: NVDA followed the proposed structure and was rejected from our target zone perfectly: wave (2) peaked at 140.31 on September 21st. Looking at the hourly chart, I believe that we are in wave (3) of C of III of (c) of y.
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