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@Barcode：$NVIDIA(NVDA)$ $GraniteShares 2x Long NVDA Daily ETF(NVDL)$ 💹🅑🅤🅛🅛🅘🅢🅗📈 💎 NVDA: Blueprint to Breakout! Riding the Yellow Wave to New Heights! 💎 Kia ora Tiger traders! 📉 Opportunity to buy the dip 📉 📈 Pattern Analysis: Based on my chart, NVDA is shaping up for a potential breakout. The $133.40 level is critical as it determines whether we’re in for a 5th wave drop or if this ends up being a 4th wave bounce. If we bounce here, it’s a bullish signal toward the $134.55 zone, opening the path to test higher levels. 📊 The Blue Line Breakthrough: When NVDA’s price crosses the $136.43 blue line, it’s a clear sign the stock will follow the yellow channel toward $140-$152. Historically, this pattern leads to strong upward momentum. The blue line marks the turning point where bulls take charge, making it the price level to watch. 🗓 Key Levels to Watch: • Current price: $133.54 NZ 14DEC24 • Critical support: $133.40 • First breakout target: $134.55 • Blue line breakout level: $136.43 • Resistance zones: $138.80, with bullish potential to hit the yellow channel above $140. 🚀 Technical Context: • The head and shoulders pattern indicates volatility, but once the neckline is cleared, expect strong upward momentum. • If we hold $133.60 on dips, this could solidify a base for a parabolic move. ⏳ Timing the Market: The market historically shows weakness before rallying into early January. NVDA could consolidate this week, with potential bullish moves starting Friday or next Monday. Earnings on 26 Feb make March calls or 20 Jun $135c a strategic option. ⚙ Elliott Wave Insight: Wave 4 bounce underway with a possible short-term drop (5th wave) before reversing upward. This aligns with consolidation around $133-$134 before resuming an uptrend. 📊 Market Sentiment: • Volume: Strong flow, indicating institutional interest. • ROA/ROE: Top-notch for the sector, solidifying Nvidia’s dominance in AI. • Forward P/E of 45.14 signals growth, even with current market headwinds. 🧠 My Take: NVDA is sitting on a technical powder keg. A bounce at $133.40 would send a bullish signal into January 2025. Clearing the blue line will lead us into the yellow channel, where Nvidia will soar. Hey Tiger traders, what’s your move? Are you waiting for the yellow channel breakout or playing the dips? 🧐 Happy trading ahead! Cheers, BC 📈🚀🍀🍀🍀 @Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerPM @TigerGPT Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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