NVIDIA – Ending Diagonal May Trigger Wave 2 Pullback
📉 Asset: NVIDIA
🎯 Directional Bias: Bearish Correction
✅ Target Zone: $135.00 (minimum)
📍 Current Price: $143.77
🕐 Timeframe: 1H
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🧠 Technical Overview:
The second-degree (intermediate) impulse wave in NVIDIA may complete with an ending diagonal near the $143 level. This structure suggests weakening bullish momentum and raises the probability of a minimum correction down to the $135 region. The diagonal formation typically signals the end of a fifth wave and implies a reversal or correction phase.
📈 Conclusion:
Traders should watch for a break below the diagonal’s lower boundary to confirm the correction. A move toward $135 is the minimum expected target, but deeper retracement toward $123 cannot be ruled out depending on market dynamics.
