Is NVDA stoppable? Lets check the alternative scenarios.
NVDA has started an impulse rally on 8 mar 2021 and made a new ATH. Whats next?
Here I suggest two alternative scenarios and tell you explicitly my opinion about their possibilities.
On the left side we have a possible wave count with extended wave 5 which suggests that 5 wave ascending cycle will complete at current prices and price will fall soon. I myself think that this possibility is low and of course unusual.
More probable is that we are near to complete wave 3 of 3. In this scenario which has been shown on the right side of the chart, there are still two up going wave to come which offers you a good opportunity to make profits.
In either cases , I expect a decline in the price. Is it a bad news? Not at all. It brings another ideal setup to go long.
Be prepared in advance!
Wish you huge profits.
NVDA has started an impulse rally on 8 mar 2021 and made a new ATH. Whats next?
Here I suggest two alternative scenarios and tell you explicitly my opinion about their possibilities.
On the left side we have a possible wave count with extended wave 5 which suggests that 5 wave ascending cycle will complete at current prices and price will fall soon. I myself think that this possibility is low and of course unusual.
More probable is that we are near to complete wave 3 of 3. In this scenario which has been shown on the right side of the chart, there are still two up going wave to come which offers you a good opportunity to make profits.
In either cases , I expect a decline in the price. Is it a bad news? Not at all. It brings another ideal setup to go long.
Be prepared in advance!
Wish you huge profits.
