$NVDA – Road Map
Nvidia is rolling over after a sharp selloff, shifting the focus from upside momentum to downside risk and key targets ahead. With price now under pressure, the question is no longer if the structure has changed, but how far the move can extend.
In this Road Map update, we analyze the recent drop, assess the developing structure, and outline the most probable downside targets and risk zones to watch next.
Candles
Yesterday Nvidia made a Bearish Engulfing on the 3D frame and we should have paid more attention to the signal. Today, the stock will likely record an 8/20 EMA bearish cross and confirm a reversal on the daily and 2D frames.
Elliott Waves – Classical Flag
NVDA is now moving down in an impulsive manner and has likely started wave C of a larger correction that began in October. Wave B unfolded as a classical flag, which simplifies downside targeting for wave C, shown in blue.
The green count remains barely on the table as a potential leading diagonal off the November low. A touch or break below that level would invalidate the green scenario entirely, leaving wave C as the primary path.
Potential downside targets imply a 10–21% drawdown from current levels, with the ideal move closer to 15%. Estimated timing for this phase is roughly 2–3 weeks.
