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Nvidia Corp., Elliot Wave Analysis

11/22/2022 10:35 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 first entry wave of the lower level i of 1 of (C) is developing, within which a local correction is forming as the wave (ii) of i. If the assumption is correct, the price of the asset will grow to the area of 194.00–228.23. In this scenario, critical stop loss level is 128.00.




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