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NVDA possible wave 5 completion

Let's look at the stages of the NVDA rally and match them with the Elliot wave forecast posted at 500.

Below are notes from a post at the time with the pics inserted of the moves since then.
(Please note - this analysis was done pre-split so we'll have to account for that.

Overall persistent rally to 800 - 850.

A choppy market and some sort of false reversal at 850.

Low around 700. There should be bad news around here, but it’s a big buy the dip.

Crazy strong run through to 1,000.

Some sort of spike out of 1,200 (Can be up to 25%, giving 1,250).

A drop under 1,000.

1,000 holds retest.
Crash one to 700.
Bounce to around 900.
Drop to around 350.

These four stages may be the next parts of the move.

This would complete the full Elliot wave 1-5 for the uptrend and ABC for the dump.

注释

NVDA went up close to 200% from the Elliot wave bull forecast and has only deviated from it in moves of 10 - 20% which (So far) have always proven to be stop hunts with us dropping soon after.

If that was wave 5, that was the final stop hunt.

注释

One could argue the AI bubble is already in deep decline. NVDA holding up a bit better than the others but the general thesis AI has seen it's "New Paradigm" moment looks good.

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