Technical analysis by jamesibartram about Symbol NVDAX on 9/1/2025

📊 NVDA – Multi-Timeframe Outlook 🔎 Monthly (1M) Strong bullish structure with clear Elliott Wave progression (1)-(3) unfolding. Current candle shows retracement after a parabolic push, but higher timeframe structure remains intact. Target level stands at 200 USD, aligning with Wave (3) completion zone. 🕰 Weekly (1W) NVDA completed Wave (3) near 184, now pulling back into a local support zone ~160 – 165. Structure suggests a corrective Wave (4) before potential continuation higher. As long as support holds, expectation remains for a Wave (5) push towards 200+. ⏱ Daily (1D) Price coiling inside a corrective a-b-c structure under trendline resistance. Demand/support zone ~170 – 172 is acting as the base. Break above 184 resistance confirms bullish continuation, while loss of support opens risk towards 152 (deeper retrace). ⏳ 8H Clear retracement into demand after Wave (3) high. Price holding trendline support + demand confluence. If buyers step in, expect a rally into Wave (5) targeting 190 – 200. Breakdown of demand would shift momentum bearish short-term. 🎯 Trade Plan Bias: Bullish continuation (Wave 5 setup) Entry Zone: 170 – 175 (demand/support) Targets: 184 (short-term), 200 (medium-term) Invalidation: Break & close below 160 support