Chart of the day

NVDA is reaching a strong resistance of 920, and a break above this resistance is required for a continuation higher and an invalidation of a broadening wedge. This is also a possible beginning of the third downside wave.

We need to see a break below 876 for the downside swing to happen. I see this as an upside ABC correction in a second downside wave. An extension higher above will lead to another five-wave peak but only upon a break above 960.

_{Look for the short trade entries with a stop loss above 980. Long trades you can take in the case of a confirmed price action break above 980 and a stop loss is taken. This could be a great option trade.}