The Long Investor
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$NVDA
🕑 Added 2025-04-09 18:26:17 +0000 UTCWhat a response.
No changes to the chart here and we can see that price has already bounced up to the 0.38 Fib level already at $111.
A Wave B bounce has 3 waves in it, assuming this is now the first wave, then we still have two more to go and it would be extremely uncommon to be completed over a few sessions too
The 50 WMA aligning with the wedge yellow resistance/support line in between the 0.5 - 0.618 Fib range is still the Wave B target, so we will be watching this closely.
I am not chasing this here, I already hold a position, a higher low pull back for the second wave may be attractive but now sooner than that.
Very happy with our count on this.
Comments
Navid Choudhury
When does a potential Wave B turn into Wave 1 bullish impulse?
Brian
If the contrarian view is in play then we need NVDIA to front run the market. So if one is hoping for. Melt up to wave 5 on the SPY then we don’t want NVDIA to reject at this B. Correct?
El Buscador De chollos
Hi Cap, quick question on timing that makes everything very complex. How is the usual timing for a B wave once the A wave took only 6 weeks?
