5 Wave Impulse + 7 Swing WXY correction
$NVDA 4H Elliott Wave Chart 8.31.2025:
In the 4-hour Elliott Wave count from August 31, 2025, we saw that $NVDA completed a 5-wave impulsive cycle at (5) of ((3)). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 7 swings, likely finding buyers in the equal legs area between $167.02 and $156.24. This setup aligns with a typical Elliott Wave correction pattern (WXY), in which the market pauses briefly before resuming its primary trend.
Conclusion
In conclusion, our Elliott Wave analysis of NVIDIA Corp. ($NVDA) suggests that it remains supported against September 2025 lows. As a result, traders should buy the dips and monitor the $190 – 197 zone as the next potential target. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets.
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