31Mar

Nvidia Corporation (NVDA) Stock Analysis: NVDA Elliott Wave Forecast, Technical Outlook, and Trend Reversal Insights

NVIDIA Corp. (NVDA) – Elliott Wave Forecast – TradingLounge Daily Chart

NVDA Elliott Wave Forecast

Mode: Corrective

Function: Counter Trend

Structure: Flat

Position: Wave (4)

Direction: Potential Bottom in Wave (4)

Details: Monitoring the development of a potential bottom in wave (4), following a completed five-wave advance marking wave {i}, succeeded by a three-wave corrective pattern forming wave {ii}. This setup aligns with a typical Elliott Wave flat correction scenario.

Nvidia-Corporation-1...


NVIDIA Corp. (NVDA) – 1-Hour Chart Elliott Wave Forecast – TradingLounge 1-Hour Chart

Mode: Corrective

Function: Counter Trend

Structure: Flat

Position: Wave (c) of {ii}

Direction: Wave {ii} Nearing Completion

Details: Closely observing price action for a potential bottom in wave (c). The current decline has exceeded the 1.618 Fibonacci extension of wave (a) and is approaching the 2.0 level. A reversal from this key Fibonacci zone would support the existing Elliott Wave count. Failure to reverse here may suggest a breakdown of the current flat structure.

Technical Analyst: Alessio Barretta

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here 

Previous: JNJ Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Nvidia-Corporation-1...

Related

Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis 20 October 23

Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis 20 October 23

The AUDUSD Elliott Wave Analysis for 20 October 23, offers insightful information regarding the AUDU...

Read More >
Gold (XAUUSD) Price Forecast 2024: Elliott Wave Insights, Bullish Trends, Key Levels, and Market Outlook for Smart Investment Decisions

Gold (XAUUSD) Price Forecast 2024: Elliott Wave Insights, Bullish Trends, Key Levels, and Market Outlook for Smart Investment Decisions

Gold is set to continue its bullish trend as Elliott Wave analysis highlights key levels and forecas...

Read More >
UNH Elliott Wave Analysis: Comprehensive Look at United Health Group Inc. Daily and 4-Hour Trading Charts

UNH Elliott Wave Analysis: Comprehensive Look at United Health Group Inc. Daily and 4-Hour Trading Charts

This article provides an in-depth analysis of United Health Group Inc. (UNH) using the Elliott Wave ...

Read More >
Natural Gas Elliott Wave Forecast Suggests Bullish Rally to $6.2 with Key Support and Resistance Levels Identified for Traders

Natural Gas Elliott Wave Forecast Suggests Bullish Rally to $6.2 with Key Support and Resistance Levels Identified for Traders

Natural Gas price action using Elliott Wave theory, identifying bullish patterns and projecting a po...

Read More >
ASX Vanguard Australian Shares (VAS) ETF Elliott Wave Technical Update: Wave 3-Grey Unfolding with Key Price Targets

ASX Vanguard Australian Shares (VAS) ETF Elliott Wave Technical Update: Wave 3-Grey Unfolding with Key Price Targets

This article provides a detailed Elliott Wave analysis for ASX VAS ETF, focusing on wave 3-grey'...

Read More >
Stay Informed with our Expert Analysis on ASX LIMITED - ASX Stock Analysis & Elliott Wave Technical Forecast

Stay Informed with our Expert Analysis on ASX LIMITED - ASX Stock Analysis & Elliott Wave Technical Forecast

Our detailed Elliott Wave analysis of ASX LIMITED provides valuable insights into current and future...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on