NVIDIA Wave Count on the 4-Hour Timeframe
🔥 The Uptrend is Approaching
✨ It appears that the stock has completed wave (3), followed by a corrective pattern 🔀 in the form of a triangle 🔼 currently forming to represent wave (4). The only remaining wave to complete this pattern is wave E 🤌.
✨ To confirm the end of wave (4) and the beginning of wave 1 within wave (5), the following conditions must be met:
- Completion of all the ABCDE sub-waves of the triangle pattern.
- A breakout above the key level related to wave E.
Once these conditions are met, the uptrend is expected to continue.
However, If Wave D falls short of the trendline, it could indicate that the market is losing momentum and the triangle pattern may be contracting more than expected.
In short, while it’s ideal for Wave D to touch the trendline, minor deviations can still occur without completely invalidating the pattern, but they should be carefully monitored for potential changes in the overall wave structure.
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