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Nvidia Corp., Elliot Wave Analysis

3/14/2023 10:14 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, and the development of the upward wave (C) started. Now, the entry first wave of the lower level i of 1 of (C) is developing, within which the wave (iii) of i has formed, and the development of the local correction as the wave (iv) of i has started. If the assumption is correct, the asset will grow to the area of 270.00–291.65. In this scenario, critical stop loss level is 191.50.

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