Nvidia

Nvidia EW-Update

Max Oen

04 Nov 2025 — 1 min read

Nvidia confirms our expectations faster than expected!

NVIDIA has officially begun its final impulsive advance, completing the structure of its major yellow Wave 1. After successfully breaking above its all-time high at 195.47 USD, the stock confirmed our primary Elliott Wave outlook, validating the continuation of the current bullish sequence. This breakout marked the beginning of the final light-blue Wave 5, following the completion of light-blue Wave 4.

With the development of this last impulse in light-blue Wave 5, NVIDIA is now progressing toward completing the higher-degree green Wave 5 and, ultimately, the long-term yellow Wave 1. These overlapping degrees highlight the alignment of short-, mid-, and long-term momentum within the same bullish phase — a characteristic feature of the final stage of an extended impulse.

Following this confirmation, we expect NVIDIA to advance directly into the previously defined Fibonacci extension target zone, which spans from the 138.2% level at 222.64 USD to the 161.8% level at 245.89 USD. Within this region, the market typically completes its expansion phase and prepares to establish a major top, potentially marking the beginning of the long-term corrective yellow Wave 2. Once NVIDIA confirms a completed structure at these levels, we will provide a detailed update regarding the upcoming corrective outlook.

While this Fibonacci zone represents the most probable price region for Wave 1 to conclude, it is important to acknowledge that further extensions remain possible due to the strong underlying momentum in this market. For that reason, we do not recommend initiating short positions, as the market may continue to extend beyond our projected range before entering its corrective phase.

Trading Plan:

At this stage, we recommend exercising patience and discipline — waiting for clear structural confirmation that yellow Wave 1 has been completed. Once NVIDIA transitions into the expected yellow Wave 2 correction, new opportunities are likely to emerge to rejoin the trend at favorable levels for the next major bullish cycle.

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Trading Plan:

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