Is NVTS about to enter wave 3 to $20.00 ?! Navitas Semiconductor CorporationBATS:NVTSHernandezCapital 🔹 Thesis Summary NVTS appears to have completed a textbook Wave (2) correction and is entering Wave (3), historically the strongest and most profitable leg of the Elliott Wave cycle. With semiconductor sector tailwinds (AI, EV, data centers), technical confluence of Fibonacci extensions, and volume confirming accumulation, the medium-term path points toward $14–22 for Wave (3) and $30 for Wave (5). Wave (1): Strong impulsive move from ~$2.00 to ~$9.50 with high volume, breaking a multi-year descending channel. Wave (2): Pullback into the $5.50–6.00 region (≈50% retrace of Wave 1), aligning with Fibonacci support and high-volume buying zones. 🔹 Forward Projections Wave (3) target zone: 1.618 extension = ~$14.20 2.618 extension = ~$21.70 Wave (4): Expected shallow retracement into ~$12–16 (23–38% of Wave 3). Should remain above Wave (1) high (~$9.50) to keep count valid. Wave (5): Likely extension to $29–34 (3.618–4.236× Wave 1). Will likely show momentum divergence (higher price but weaker RSI/volume). 🔹 Risk Management Stop loss: Below $5.40 (Wave 2 low and 50% retracement line). A close under this invalidates the bullish count and suggests deeper correction.