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Nvidia Corp., Elliot Wave Analysis

11/8/2022 10:13 AM

Growth is possible.

On the daily chart, a downward correction of the higher level ended as the wave (B), within which the wave C of (B) formed. Now, the development of the upward wave (C) has started, within which the entry first wave of the lower level i of 1 of (C) is developing. If the assumption is correct, the asset will grow to the area of 181.00–194.00. In this scenario, critical stop loss level is 107.10.

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