NVIDIA  Wave Analysis 27 January 2025

– NVIDIA broke support zone

– Likely to fall to support level 115.00

NVIDIA opened today with the sharp downward gap breaking the support zone located between the support level 126.65 (former monthly low from December) and the 38.2% Fibonacci correction of the upward impulse from August.

The breakout of this support zone accelerated the active short-term impulse wave i, which belongs to the intermediate impulse wave (3) from November.

NVIDIA can be expected to fall further to the next support level 115.00 (former monthly low from October).

Source: https://fxpro.news