$NVDA from an Elliott Wave lensNVIDIA CorporationBATS:NVDAmachariavictor017Get the more in-depth analysis elsewhere*. We expected Wave 4 (Black) to form a Flat correction since Wave 2 was a Zigzag. A Flat correction is made up of three waves: - Wave A – This wave contains three internal waves, shown in Red as Wave A, Wave B, and Wave C. - Wave B – This wave must also have three clear internal waves and typically ends beyond the prior impulse, as indicated by the Green arrow. - Wave C – This final wave completes Wave 4 (Black). With Wave A (Green) of the Flat now complete, Wave B (Green) began to show early subdivisions. These subdivisions formed a five-wave structure, labeled in Blue as Wave 1, Wave 2, Wave 3, Wave 4, and Wave 5. If this interpretation is correct, Wave B (Green) will consist of two five-wave moves, which is completely normal behavior within a Flat correction. The Black arrow marks the beginning of Wave B (Green). The first of the two five-wave internal moves is shown in Blue as Wave 1, Wave 2, Wave 3, Wave 4, and Wave 5. Since Wave 2 (Blue) formed a Zigzag, we expect Wave 4 (Blue) to develop as a Flat correction, following the principle of alternation. This Flat correction is labeled in Black as A, B, and C. Once Wave C (Black) is complete, Wave 4 (Blue) will also be complete.