Above is NASDAQ long-term chart where clearly the 5th wave is ON.
On the MINOR scale foresee a correction in the immediate as shown above. However, the MAIN TREND is up.
NVDA stock has risen almost vertically. Any stock which rises so much does not obey any ONE analytical process. Therefore one must consider ALL aspects before investing in the same.
Here we are considering only the elliot wave theory. Please also consider the fundamentals of the stock and the world political situation before concluding.
As per the elliot theory, we are onto a point of correction within the next one or two days and then again rise to around 480 levels.
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