Elliott Wave Perspective: Nvidia (NVDA) Wave 3 Close to Conclusion

Elliottwave_Forecast

Since July 4, 2025, Nvidia (NVDA) has been experiencing a robust rally. The rally is unfolding as a five-wave impulse structure according to Elliott Wave analysis. This upward movement began at a low on July 4, 2025, with wave (1) concluding at $115.44. A subsequent pullback in wave (2) found support at $95.04. This sets the stage for the ongoing wave (3), which has developed as another impulsive subdivision.

Within wave (3), the stock advanced in wave 1 to $111.92. A brief dip in wave 2 then followed to $104.08. The momentum resumed in wave 3, pushing the stock to $143.84. Afterwards, a corrective wave 4 settled at $132.92, as observed on the 30-minute chart below. Currently, Nvidia is advancing in wave 5 of (3). This wave has seen wave ((i)) peak at $144, followed by a pullback in wave ((ii)) to $137.88. The stock then surged in wave ((iii)) to $145, with a minor correction in wave ((iv)) completing at $140.46.

Wave ((v)) higher should end soon, concluding wave 5 of (3). Following this, a larger-degree wave (4) correction is expected, potentially unfolding in a 3, 7, or 11-swing pattern. This pullback should precede a final ascent in wave (5), completing the cycle from the July 4, 2025 low.

Nvidia (NVDA) 30-Minute Elliott Wave Technical Chart

NVDA Elliott Wave Technical Video

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This upward movement began at a low on July 4, 2025, with wave (1) concluding at $115.44. A subsequent pullback in wave (2) found support at $95.04. This sets the stage for the ongoing wave (3), which has developed as another impulsive subdivision.</p>\n<p style=\"text-align: justify;\">Within wave (3), the stock advanced in wave 1 to $111.92. A brief dip in wave 2 then followed to $104.08. The momentum resumed in wave 3, pushing the stock to $143.84. Afterwards, a corrective wave 4 settled at $132.92, as observed on the 30-minute chart below. Currently, Nvidia is advancing in wave 5 of (3). This wave has seen wave ((i)) peak at $144, followed by a pullback in wave ((ii)) to $137.88. The stock then surged in wave ((iii)) to $145, with a minor correction in wave ((iv)) completing at $140.46.</p>\n<p style=\"text-align: justify;\">Wave ((v)) higher should end soon, concluding wave 5 of (3). 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This sets the stage for the ongoing wave (3), which has developed as another impulsive subdivision.</p>\n<p style=\"text-align: justify;\">Within wave (3), the stock advanced in wave 1 to $111.92. A brief dip in wave 2 then followed to $104.08. The momentum resumed in wave 3, pushing the stock to $143.84. Afterwards, a corrective wave 4 settled at $132.92, as observed on the 30-minute chart below. Currently, Nvidia is advancing in wave 5 of (3). This wave has seen wave ((i)) peak at $144, followed by a pullback in wave ((ii)) to $137.88. The stock then surged in wave ((iii)) to $145, with a minor correction in wave ((iv)) completing at $140.46.</p>\n<p style=\"text-align: justify;\">Wave ((v)) higher should end soon, concluding wave 5 of (3). Following this, a larger-degree wave (4) correction is expected, potentially unfolding in a 3, 7, or 11-swing pattern. This pullback should precede a final ascent in wave (5), completing the cycle from the July 4, 2025 low.</p>\n<p style=\"text-align: justify;\"><strong>Nvidia (NVDA) 30-Minute Elliott Wave Technical Chart</strong></p>\n<h2><a href=\"https://elliottwave-forecast.com/wp-content/uploads/2025/06/NVDA-1H20250617182550.jpg\"></a></h2>\n<h2>NVDA Elliott Wave Technical Video</h2></body></html>","text":"Since July 4, 2025, Nvidia (NVDA) has been experiencing a robust rally. The rally is unfolding as a five-wave impulse structure according to Elliott Wave analysis. This upward movement began at a low on July 4, 2025, with wave (1) concluding at $115.44. A subsequent pullback in wave (2) found support at $95.04. This sets the stage for the ongoing wave (3), which has developed as another impulsive subdivision. Within wave (3), the stock advanced in wave 1 to $111.92. A brief dip in wave 2 then followed to $104.08. The momentum resumed in wave 3, pushing the stock to $143.84. Afterwards, a corrective wave 4 settled at $132.92, as observed on the 30-minute chart below. Currently, Nvidia is advancing in wave 5 of (3). This wave has seen wave ((i)) peak at $144, followed by a pullback in wave ((ii)) to $137.88. The stock then surged in wave ((iii)) to $145, with a minor correction in wave ((iv)) completing at $140.46. Wave ((v)) higher should end soon, concluding wave 5 of (3). Following this, a larger-degree wave (4) correction is expected, potentially unfolding in a 3, 7, or 11-swing pattern. This pullback should precede a final ascent in wave (5), completing the cycle from the July 4, 2025 low. 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