NVDA - I still believe NVIDIA has already seen its major topNVIDIA CorporationBATS:NVDADemirZulicDespite the continued optimism surrounding NVIDIA, my broader view remains unchanged. From a structural perspective, I still believe we may have already seen the major top — and that a much larger corrective phase is likely ahead. What makes this stage dangerous is that markets near major tops often continue producing short-term optimism even while momentum underneath the surface slowly weakens. And historically, that is exactly how late-cycle structures tend to behave: * strong narratives remain alive, * investors stay emotionally attached, * but internal market strength gradually begins fading. For me, this is not about fighting the long-term quality of the company. It is about understanding market cycles, momentum exhaustion, and broader Elliott Wave structure. Because even the strongest assets in the market are not immune to large corrective phases once sentiment becomes overheated. At this stage, I continue paying very close attention to: * momentum behavior, * higher timeframe divergences, * liquidity reactions, * and the overall impulsive vs corrective character of the trend. And so far, I still see increasing signs that a much larger correction may be preparing beneath the surface. In markets, the strongest narratives often peak near the strongest emotions. 📉