$TSM is in a similar situation to $AMZN right now, potentially rejecting at the Wave B level before making a new ATH, so we are watching for another attempt at making a higher high above $194 next, any rejection here and this is coming down for Wave C
BUT, if $NVDA breaks out and the market starts melting up, there is a scenario here $TSM runs as high as $246 over the next few months
I would be surprised if it did not move with $NVDA