Elliott Wave Issues for NVDA

Beginner Questions Candlesticks, Chart Patterns, and Price Action
1

Hi Guys,

I am really struggling here and was hoping a senior trader would be kind enough to impart some wisdom. I have read the Elliott Wave Principle by Frost and Prechter a few times now and it is all good in theory. When I look at a chart, like that of NVDA, I get lost so quick.

Where does one even start??? I can see some impulses, I think, but I can’t seem to get beyond that. I have been at this for a few months now and I am really no closer than when I started.

Can someone please help :frowning:

2

Wow, 200+ views and not a single comment :confused: This is depressing.

3

It might help to post a chart of what you’re looking at. Hard to see where you’re having difficulties without knowing the timeframe you’re trading.

1 Like
4

Hey Jedi,

Please tell me which time frame you’re looking at and I can come up with an Elliott Wave analysis for you. :slight_smile:

5

Hi guys, thank you so much for responding :slight_smile:

I am trying to look at the weekly chart for NVDA since 1997. I know it is ambitious but I want to be able to identify the key motive and corrective structures. If I can get the weekly done, then I can work on smaller time frames on my own. Any help would be greatly appreciated. In other words, if you pick a time frame and can give me something to check my labeling against, that would be so awesome :slight_smile:

6

BTW I use TradingView for charting/labeling purposes.

7

Anybody? I really need some help :frowning:

I have read books on this stuff but it is so hard to label this stuff. I would appreciate any help in labelling NVDA on any timeframe.

8

Why don’t you show us your chart and how you have the waves labeled?

9

I don’t know where to start :confused: I have tried so many versions and they all look wrong. There are so many ways to look at things. Things that are corrective look like impulses and vice versa. I have read all the books and still can’t seem to navigate through the chart. I am really stressed out because I have spent days/hours trying to label stuff and it doesn’t make a cohesive picture. Can anybody start me off?

10

You have to start somewhere. :slight_smile: Why don’t you take a stab at it and post your chart?

11

Hi there,

This is a beginner’s attempt to help as I’m going through the Elliott Wave Theory material as we speak. Unfortunately, I cannot post images yet but here is my take on this:

On your monthly chart, you should see:

  • Wave 1 around October 2007 with sharp abc correction
  • Wave 2 around December 2008
  • Wave 3 around June 2017
  • IMO, Wave 4 is now happening and we should see the abc correction until September 2017 (Speculative at $130?)
  • IMO, Wave 5 should start then.

Obviously, I’d love to have some senior expertise on my take to see if I’m getting it right or not.

12

There are about 10 years between wave 2 and 3. I’m not expert but I would not consider that as waves. Perhaps that indicates only changing of the trend?