Overview: in the update of previous weekend, I had NVDA in wave 5 of c of (III). Based on the structure developed so far, and the Fib ratios, I am lowering my target for wave (III) peak to ~457.
Update: NVDA fell short of the target that I was considering. Now, I see NVDA in wave (IV) and I believe it is developing as a double zigzag. Looking into the hourly chart, we are in wave (3) of C of w of (IV).
Looking into the cycles, I have Aug 1st as a trough of 40 week magnitude (wave (IV) bottom), 2nd week of September as a potential point for a peak (wave (V)), and Dec. 1st for as a 20 week trough (wave b bottom).
Update: NVDA fell short of the target that I was considering. Now, I see NVDA in wave (IV) and I believe it is developing as a double zigzag. Looking into the hourly chart, we are in wave (3) of C of w of (IV).
