$NVDA is going parabolic here
Moving close to $1209 at the 3.618 Fib in record breaking time.
Parabolic moves are encouraged in Wave 3's but not welcomed in Wave 5, they are sign of a top approaching as chasers chase and smart money uses this as an opportunity to exit a position.
The max I can see $NVDA going is to the 4.618 Fib at $1513 which is very rare to see....$LLY and $NVDA itself was the last two charts we looked at who got to this level before in previous counts.
Tom P
2024-06-05 18:33:29 +0000 UTCG
2024-05-28 19:42:50 +0000 UTCNalaikPanda
2024-05-28 17:44:31 +0000 UTCES B
2024-05-28 17:16:26 +0000 UTC