Timeframe: 4h
On the daily timeframe, NASDAQ: NVDA has completed an A-B-C correction within the corrective wave ((4)). The price is currently trading below the 50, 100, and 200 EMAs, signaling a bearish trend. The ATR stands at 3.41, while the ADX is at 28.54, indicating moderate trend strength. The ongoing formation appears to be a complex A-B-C structure.
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Beautifully spotted correction