Nvidia (NVDA) had been uptrending and continues to do so. However, any top is always a process and never an event. This is very important to understand. The below chart shows the impulse sequence and wave 5 is likely to be the current action.
The reason why wave 5 is likely the current action is that the pattern could translate it into an ending diagonal sequence. The subwaves of white 5 are also labeld as 1,2,3,4,5 (purple); however, their overlaps are allowed in this case. IF price well exceeds $281; then the ED would become invalidated.
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