NVIDA Corporation (NVDA) has made 5 waves down from the high and currently sits on the 1:1 ascending Gann angle. While it is possible that this move extends with more waves down, it may be worth a shot at a short term trade on the long side.
For those looking at the short side, an a-b-c up to near the 50% price retrace level would be a good place to consider selling.
Chart courtesy of Stockcharts.com
Tags: A-B-C Correction · Elliott Wave Analysis · NVDA · Square of RangeNo Comments
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