NVIDIA Corporation

NVDA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis

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Overview: let's review the key points of the previous update:
  • NVDA is in wave (IV), developing as a double zigzag.
  • We are in wave (3) of C of w of (IV).
  • Aug 1st as a trough of 40 week magnitude (wave (IV) bottom).
  • 2nd week of September as a potential point for a peak (wave (V)).
  • Dec. 1st for as a 20 week trough (wave b bottom).

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Update: there is not much to update. As expected, we are in wave x of (IV), which is developing as a flat. What follows is wave y of (IV). I have 368.76 as my potential target for wave (IV) bottom and it should happen on Aug 1st.
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