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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.