Nvidia’s Earnings, Elliott Waves, and a High Conviction Support Zone #NVDA #nvidia #elliottwave
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Grega Horvat Elliott Wave AnalysisIndependent analyst profile- Source published
- 26 Aug 2026, 08:53 UTC
- Recorded by Tahlil Plus
- 26 Aug 2026, 11:40 UTC
AI-generated source summary
The analysis focuses on NVIDIA (NVDA), suggesting a bearish outlook based on Elliott Wave principles. The price is expected to decline from its current level around $212.0, targeting the $190.0 mark. This prediction is predicated on the idea that the market is in a corrective wave, potentially a leading diagonal, and is poised to complete a three-wave movement downwards. The analysis highlights a retest of the 78.6% Fibonacci retracement level as a point of resistance. The failure bound for this bearish outlook is set at $235.0, indicating that a move above this level would invalidate the current bearish thesis. The analyst emphasizes the importance of upcoming earnings, expected on a Wednesday after the market close, as a potential catalyst for a downward move, especially considering the weakness observed in the technology sector and the Nasdaq 100. Strong earnings could lead to a gap down on the stock. The target support zone is identified between $160.0 and $180.0, with $190.0 being a key level to watch.
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Grega Horvat Elliott Wave Analysis
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.