Nvidia Corp. (NVDA) – Daily Chart

• Mode: Corrective
• Function: Counter Trend
• Structure: Flat
• Position: Wave (4)
• Direction: Bottom in wave (4)
• Details: Exploring a possible bottom in wave (4) after a five-wave move into wave {i}, followed by a three-wave corrective move in wave {ii}.

Nvidia Corp. (NVDA) – 1-Hour Chart

• Mode: Corrective
• Function: Counter Trend
• Structure: Flat
• Position: Wave (c) of {ii}
• Direction: Completion in wave {ii}
• Details: Watching closely for a bottom in wave (c). The price has surpassed the 1.618 level in relation to wave (a) and is approaching the 2.0 ratio. A reversal from this area would validate the current wave count; otherwise, the structure may be invalidated.

Technical Analyst : Alessio Barretta

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