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Nvidia Corp., Elliot Wave Analysis
8/2/2022 11:25 AMThe price is in a correction, a fall is possible.
On the daily chart, a downward correction of the higher level develops as the wave (B), within which the wave C of (B) forms. Now, the third wave of the lower level iii of C has formed, and a local correction is ending as the fourth wave iv of C, within which the wave (c) of iv is ending. If the assumption is correct, after the end of the wave, the price of the asset will fall to the levels of 100.00–50.00. In this scenario, critical stop loss level is 223.78.
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