In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of NVDA. In which, the rally from 07 April 2025 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
NVDA 1-Hour Elliott Wave Chart From 11.07.2025
Here’s the 1-hour Elliott wave chart from the 11.07.2025 Midday update. In which, the cycle from the 21 April 2025 low ended in wave (3) at $212.19 high. Down from there, the stock made a pullback in wave (4) to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave W ended at $195 low. Wave X bounce ended at $202.92 high & wave Y managed to reach the blue box area at $185.66- $174.97. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.
NVDA Latest 1-Hour Elliott Wave Chart From
This is the latest 1-hour Elliott wave Chart from the 11.10.2025 Post-Market update. In which the NVDA is showing a reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $212.19 high is still needed to confirm the next extension higher towards $220.01- $232.72 area minimum & avoid a double correction lower.
Source: https://elliottwave-forecast.com/bluebox-wins/nvda-delivers-risk-free-setup-blue-box/