NVDA just reversed. What's next? | Elliott Wave
1 extracted signal · 0 resolved · 1 still active
Grega Horvat Elliott Wave AnalysisIndependent analyst profile- Source published
- 26 Oct 2026, 11:04 UTC
- Recorded by Tahlil Plus
- 26 Oct 2026, 14:56 UTC
AI-generated source summary
The analysis presented for NVDA suggests a bearish reversal. The Elliot Wave count indicates that the previous upward trend might have concluded as wave B, with the price potentially entering a corrective wave C. The key levels to watch are the trendline support around $210 and a downside risk target of approximately $190. The price action shows a strong reversal after reaching new highs, and a break below the trendline support at $210 could accelerate the move downwards, potentially reaching $190 rapidly. This is supported by an alternative wave count suggesting an ending diagonal, which also points to a potential downturn. The current price is observed at approximately $214.34, with the target set at $190. The failure bound for this bearish outlook is set slightly above the current price, around $215, as a break above this level would invalidate the bearish scenario. The timeframe for this analysis appears to be short to medium-term, indicated by the chart patterns and wave formations.
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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.