(apologies: using mobile to post this idea and can't seem to publish only one chart on a 4 chart layout. Bottom right chart please)
I am convinced that NVDA is going to crash to a first price target of $300 very soon. It is well-known in Elliott Waves that a H&S set up is really the following:
Left shoulder: wave 3 and 4 of previous up move
Head: wave 5 of previous up move and wave 1 of new down move
Right shoulder: wave 2 and wave 1 of 3 of new up move.
NVDA is showing the classic, textbook setup. By common technical analysis measurement rule and Elliott Waves extension measurements, NVDA first price target is $300.
I am convinced that NVDA is going to crash to a first price target of $300 very soon. It is well-known in Elliott Waves that a H&S set up is really the following:
Left shoulder: wave 3 and 4 of previous up move
Head: wave 5 of previous up move and wave 1 of new down move
Right shoulder: wave 2 and wave 1 of 3 of new up move.
NVDA is showing the classic, textbook setup. By common technical analysis measurement rule and Elliott Waves extension measurements, NVDA first price target is $300.
