The following charts are weekly charts of Nvidia (Ticker: NVDA). Nvidia is set to announce earnings this week. The announcement has the potential to be market moving.
There are operative cycles at work on Nvida shown on the charts below. Chart 1 and 2 are identical except for varying Blue Wave forecasts overlaid on the red wave cyclical forecasts.
There is a 70% probability attached to NVDA consoldting or falling soon into the middle of December. From there, the cyclical forecast in combination with the Blue Wave forecast directs us to start getting bullish NVDA into February.
Regardless of the market mechanics following the announcement, the forecast is pointing to bullish bias starting in mid December.
