Nvidia Corp. (NVDA): A Ten Year Correction?

in money •  5 months ago

SUMMARY

Excelon Corp. (EXC) has been correcting since 2008 and hasn't really recovered much at all! The chart below shows that the retracement was 0.78 Fibl level and the initial crash was horrific, to say the least. Do you see a certain trait that goes with such deep retracements?

Look how extended the white 5th wave was! This is why price has retraced towards the prior wave 2 zone (purple rectangle). The bounce also seems like a countertrend retracement and if any higher highs, it could be limited as shown by the white arrow. Still, the MACD could meander around within its own symmetrical triangle. There is a risk of a downside breakdown as shown by the next chart.

The blue upwards wedge could be bearish and actually be the red B wave of the ABC corrective sequence. IF this is the case, 0.88 Fib level could be a future stop. Would you be a buyer or a profit taker at this point?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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thank you best topic

hola excelente informacion gracias por compartir..

Hi haejin! Could you analyse Deutsche bank and Under Armour A for me?

Hey @haejin, isn't it a time to change your signature photo to: Haejin (80) ;)
You're doing really great job doing all these technical analysis - when I have more time I'll take time to read your posts on Ellitot waves etc... But for now I feel more confident with my trading decisions after checking your posts. Take care!

Unsubscribing because no longer does crypto anaylst

The title was for NVIDIA but the post was for EXC. I didn't read anything connecting the title to the post...

Take your UPVOTE and turn it Upside Down - well for this user at least and give em a Downvote

Use your precious votes for curating actual good content by people with less reputation than you and helping the Steemit community.

You likely will receive maybe .5 vests for curating this post -

Wake up Peeps

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