Elliott Wave View: NVDA’s Five‑Wave Drop from the October 6 High Keeps the Downside Bias Intact

Elliottwave_Forecast

The short‑term Elliott Wave view in Nvidia (NVDA) indicates that the decline from the October 6, 2026 high is progressing as a five‑wave impulsive structure. From that peak, wave (i) ended at $229.85 after an initial sharp drop. A brief recovery in wave (ii) followed and reached $235.50 before sellers regained control. The stock then accelerated lower in wave (iii), which extended to $212.77 and confirmed the strength of the bearish sequence. A subsequent rally in wave (iv) lifted the stock to $222.75, yet it did not alter the broader downside pressure.

The current expectation is that NVDA will complete wave (v) soon, which should also finish wave ((i)) at a larger degree. Once wave ((i)) concludes, the stock is projected to advance in wave ((ii)) as it corrects the cycle from the October 6 high. The corrective phase will likely serve as a temporary pause before the decline resumes.

In the near term, the pivot at $243.37 remains the key level that defines the bearish outlook. As long as this pivot stays intact, any rally should fail within a three‑ or seven‑swing corrective pattern. This view continues to favor additional downside once the corrective bounce in wave ((ii)) reaches completion.

Nvidia 30 Minute Elliott Wave Chart

NVDA Elliott Wave Video

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.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":621503266742472,"tweetId":"621503266742472","gmtCreate":1792756072644,"gmtModify":1792761581732,"author":{"id":4113409820866582,"idStr":"4113409820866582","authorId":4113409820866582,"authorIdStr":"4113409820866582","name":"Elliottwave_Forecast","avatar":"https://community-static.tradeup.com/news/c00ab1fc45e212abf00117a41ad8354f","vip":5,"userType":5,"introduction":"Elliott Wave Forecasts of 78 markets.","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":10219,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/20f11a22474e56f1c0783d02509b0182","width":"1912","height":"981"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/20f11a22474e56f1c0783d02509b0182","width":"1912","height":"981"}],"title":"Elliott Wave View: NVDA’s Five‑Wave Drop from the October 6 High Keeps the Downside Bias Intact","html":"<html><head></head><body><p>The short‑term Elliott Wave view in Nvidia (NVDA) indicates that the decline from the October 6, 2026 high is progressing as a five‑wave impulsive structure. From that peak, wave (i) ended at $229.85 after an initial sharp drop. A brief recovery in wave (ii) followed and reached $235.50 before sellers regained control. The stock then accelerated lower in wave (iii), which extended to $212.77 and confirmed the strength of the bearish sequence. A subsequent rally in wave (iv) lifted the stock to $222.75, yet it did not alter the broader downside pressure.</p>\n<p>The current expectation is that NVDA will complete wave (v) soon, which should also finish wave ((i)) at a larger degree. Once wave ((i)) concludes, the stock is projected to advance in wave ((ii)) as it corrects the cycle from the October 6 high. The corrective phase will likely serve as a temporary pause before the decline resumes.</p>\n<p>In the near term, the pivot at $243.37 remains the key level that defines the bearish outlook. As long as this pivot stays intact, any rally should fail within a three‑ or seven‑swing corrective pattern. This view continues to favor additional downside once the corrective bounce in wave ((ii)) reaches completion.</p>\n<h2>Nvidia 30 Minute Elliott Wave Chart</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/20f11a22474e56f1c0783d02509b0182\" tg-width=\"1912\" tg-height=\"981\"></p>\n<h2>NVDA Elliott Wave Video</h2></body></html>","htmlText":"<html><head></head><body><p>The short‑term Elliott Wave view in Nvidia (NVDA) indicates that the decline from the October 6, 2026 high is progressing as a five‑wave impulsive structure. From that peak, wave (i) ended at $229.85 after an initial sharp drop. A brief recovery in wave (ii) followed and reached $235.50 before sellers regained control. The stock then accelerated lower in wave (iii), which extended to $212.77 and confirmed the strength of the bearish sequence. A subsequent rally in wave (iv) lifted the stock to $222.75, yet it did not alter the broader downside pressure.</p>\n<p>The current expectation is that NVDA will complete wave (v) soon, which should also finish wave ((i)) at a larger degree. Once wave ((i)) concludes, the stock is projected to advance in wave ((ii)) as it corrects the cycle from the October 6 high. The corrective phase will likely serve as a temporary pause before the decline resumes.</p>\n<p>In the near term, the pivot at $243.37 remains the key level that defines the bearish outlook. As long as this pivot stays intact, any rally should fail within a three‑ or seven‑swing corrective pattern. This view continues to favor additional downside once the corrective bounce in wave ((ii)) reaches completion.</p>\n<h2>Nvidia 30 Minute Elliott Wave Chart</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/20f11a22474e56f1c0783d02509b0182\" tg-width=\"1912\" tg-height=\"981\"></p>\n<h2>NVDA Elliott Wave Video</h2></body></html>","text":"The short‑term Elliott Wave view in Nvidia (NVDA) indicates that the decline from the October 6, 2026 high is progressing as a five‑wave impulsive structure. From that peak, wave (i) ended at $229.85 after an initial sharp drop. A brief recovery in wave (ii) followed and reached $235.50 before sellers regained control. The stock then accelerated lower in wave (iii), which extended to $212.77 and confirmed the strength of the bearish sequence. A subsequent rally in wave (iv) lifted the stock to $222.75, yet it did not alter the broader downside pressure. The current expectation is that NVDA will complete wave (v) soon, which should also finish wave ((i)) at a larger degree. Once wave ((i)) concludes, the stock is projected to advance in wave ((ii)) as it corrects the cycle from the October 6 high. The corrective phase will likely serve as a temporary pause before the decline resumes. In the near term, the pivot at $243.37 remains the key level that defines the bearish outlook. As long as this pivot stays intact, any rally should fail within a three‑ or seven‑swing corrective pattern. This view continues to favor additional downside once the corrective bounce in wave ((ii)) reaches completion. Nvidia 30 Minute Elliott Wave Chart NVDA Elliott Wave Video","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/621503266742472","repostId":0,"isVote":1,"tweetType":1,"viewCount":35181,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1060,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/621503266742472"}