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RE: Nvidia Corp. (NVDA): Ending Diagonal
A 5th wave diagonal is a bearish elliott wave pattern that forms when the bulls are getting tired. This should be good for a short soon.
Purely based on TA I have not analyzed the fundamentals at all.
The fundamentals are strong. Their last earnings they blew past estimates by something like 60%. What will it take for NVDA to loose their outperformance and correct could perhaps be an economic recession.
I expect the next recession to start in Q4 2019 or Q1 of 2020.