NVDA Weekly Harmonic Elliott Wave Analysis

Overview: let's review the previous update:

• I believe NVDA has bottomed based on the structure.
  
• If we breakout through the green descending channel, it is a decent confirmation for this idea.
  

Update: NVDA followed the proposed channel perfectly. Now, I see that we are near the completion of wave a consisted of 5 waves. The pullback that follows (wave b), is going to test the green descending channel. Note that I have not yet provided the future labels on the daily chart. This abc structure that is going to test the descending channel on the daily chart is either an x wave (bottom is not in) or wave 1 (bottom is in). The pullback that follows will determine that.