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Nvidia Corp., Elliot Wave Analysis

1/3/2023 11:50 AM

The possibility of growth remains.

On the daily chart, the downward correction of the higher level has completed as a wave (B), in which the wave C of (B) has appeared and the upward wave (C) is developing. At the moment, the formation of the first entry wave of the lower level i of 1 of (C) continues, in which the wave (i) of i was formed and the local correction as wave (ii) of i is being observed. If the assumption is correct, the price will rise to the area of 210.00–240.00. The level of 108.85 is critical and stop-loss for this scenario.




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