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Nvidia Corp., Elliot Wave Analysis
8/16/2022 12:13 PMA fall is possible.
On the daily chart, a downward correction of the higher level 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 has formed. If the assumption is correct, the price of the asset will fall to the area of 100.00–50.00. In this scenario, critical stop loss level is 207.30.
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