Overview: NVDA was a perfect match of our expectations. let's review the update of previous weekend:
Update: with the price action of this week, now we have an idea of the structure of wave B, which is developing as a flat. We have completed waves (A) and (B) of flat and wave 3 of (C) of B is currently in development. I have the same range of 149.59-155 as the potential peak.
- Looking at the hourly chart, I believe we have completed wave A of III of (c) of y. The gap of September 1st, could have been a type of exhaustion gap, causing a period of pause in the bearish move, as wave B of III.
- Potential target for wave B peak? 149.59-155
Update: with the price action of this week, now we have an idea of the structure of wave B, which is developing as a flat. We have completed waves (A) and (B) of flat and wave 3 of (C) of B is currently in development. I have the same range of 149.59-155 as the potential peak.
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