Overview: my last update on NVDA was published a long time ago, August 19th. Overall, I was expecting bullishness on NVDA, but keeping in mind that we were close to the completion of the whole move that started in October 2022.
Update:
Analysis of the Structure:
Wave a, which was started in October 2022 has been completed (peaked on August 24th of 2023) and now we are in wave b, which attempts to correct that whole bullish phase.
So far, we have completed one zigzag in wave b, shown as wave (w) and completed one wave (x). Right now, we are in wave a of (y) of b.
Is it possible not to consider this beautiful textbook h&s pattern on NVDA?
Analysis of the Cycles:
We are in the second 20D cycle of the second 40D cycle of the first 80D cycle of the first 20W cycle of the current 40W cycle.
The next major trough is the 80D cycle trough expected on October 31st.
Update:
Analysis of the Structure:
Wave a, which was started in October 2022 has been completed (peaked on August 24th of 2023) and now we are in wave b, which attempts to correct that whole bullish phase.
So far, we have completed one zigzag in wave b, shown as wave (w) and completed one wave (x). Right now, we are in wave a of (y) of b.
Is it possible not to consider this beautiful textbook h&s pattern on NVDA?
Analysis of the Cycles:
We are in the second 20D cycle of the second 40D cycle of the first 80D cycle of the first 20W cycle of the current 40W cycle.
The next major trough is the 80D cycle trough expected on October 31st.
