Nvidia (nvda) Elliott Wave analysis: wave 5 nearing its end
The short-term Elliott Wave analysis for NVIDIA (NVDA) indicates a bullish trend unfolding as an impulse structure since the low on April 21, 2025. From that low, the stock completed wave 1 at $111.92. The stock then followed by a corrective pullback in wave 2, which bottomed at $104.08. The subsequent rally in wave 3 displayed strong momentum, characterized by a nested impulse structure in a lesser degree. Within wave 3, the first sub-wave, wave ((i)), peaked at $115.40, with a brief dip in wave ((ii)) to $110.82. The powerful wave ((iii)) surged to $136.89, followed by a shallow pullback in wave ((iv)) to $132.65. The final leg, wave ((v)), concluded at $137.40, completing wave 3 on a higher degree.
The corrective wave 4 unfolded as a zigzag pattern. From the wave 3 peak, wave ((a)) declined to $130.59, wave ((b)) rebounded to $134.23, and wave ((c)) completed the pullback at $127.80, finalizing wave 4. NVIDIA has since resumed its upward trajectory in wave 5. As long as the pivot low at $104.08 holds, the stock is expected to extend higher in wave 5, completing the cycle from the April 21 low. Following this, a larger-degree three-wave pullback is anticipated, offering a potential pause in the bullish trend.
Nvidia (NVDA) 60-Minute Elliott Wave Technical Chart
NVDA Elliott Wave Technical Video
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Author
Elliott Wave International Analysts Team
Elliott Wave International
EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
