Overview: let's review the expectations of the previous update:
Update: NVDA followed the proposed path beautifully. I think we have completed wave x of (II) as a triple zigzag and next will have wave y of (II), which I think is going to be slow and bore many out of their positions. Also, we will probably move inside a channel parallel to the major one as shown on the daily chart.
Note that as time passes, I remove some of the subwaves' counts of previous waves to have a cleaner chart.
- We have peaked for wave (I).
- Wave (II) to take a considerable time to complete.
- For now, I am considering a triple zigzag to from in wave (II), but that's no guarantee and as time passes, we will gain a better insight.
Update: NVDA followed the proposed path beautifully. I think we have completed wave x of (II) as a triple zigzag and next will have wave y of (II), which I think is going to be slow and bore many out of their positions. Also, we will probably move inside a channel parallel to the major one as shown on the daily chart.
