Nvidia – Weekly Update

Those who followed our call last week would already be sitting on roughly a 5% gain in Nvidia. The question now is whether this move fits cleanly within the projected path or requires an adjustment. With momentum having shifted meaningfully, it is time to reassess the structure and determine whether the original roadmap remains intact or needs refinement.
Candles

NVDA staged a solid technical recovery and confirmed a bottom on the weekly frame, with very good chances of extending bullish momentum to the 8D frame on Monday. November’s bearish monthly candle has been mitigated, and December is currently tracking toward a neutral-to-bullish close.
Elliott Waves
Long Term



The blue path has further increased the odds.
Short/Mid Term
(no changed, a refreshed chart)
NVDA may have completed a Leading Diagonal for wave 1, retraced nearly back to its origin for wave 2, and is now setting up for a strong rally over the coming months, potentially waves 3-4-5.

