NVIDIA completed an irregular flat correction back in April. Since then, the price action has been strong and steady, forming higher highs and higher swing lows —a clear sign of bullish continuation.
From an Elliott Wave perspective, the current move appears incomplete, as we cannot yet identify a full five-wave advance from the April lows. This suggests that more upside may still be ahead.
However, we could see a wave four pullback develop sometime during the summer. If that occurs, the key support zone to watch would be around $140 down to $130, which could provide an opportunity within the ongoing uptrend.
- Resistance: 170
- Support: 143 / 132
- Invalidation: 115
GH
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