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Nvidia Corp., Elliot Wave Analysis

10/25/2022 11:40 AM

A fall is possible.

On the daily chart, a downward correction of the higher level forms as the wave (B), within which the wave C of (B) forms. Now, the third wave of the lower level iii of C is developing, a local correction has developed as the fourth wave iv of C and the fifth wave v of C is forming, within which the wave (v) of v is forming. If the assumption is correct, the price of the asset will fall to the area of 100.00–70.00. In this scenario, critical stop loss level is 136.10.

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