NVDA Weekly Update

Overview: let’s review the key points of the last update published on Jan. 7th 2023:

• we were tracking the formation of the inverse H&S as it was completing wave (I) of a of 5.
  
• I had an abc being completed in wave (II) and was expecting another zigzag in wave (II).
  

Update: our general expectations on this name have been perfect. The inverse H&S was broken to the upside (but without forming the second zigzag in wave (II), indicating the extreme bullishness on this name).
Looking into the hourly chart, I think we are close to the completion of wave a of (III), which will be followed by wave b of (III) to test the high of wave (I) and the neckline of the H&S pattern before launching higher as wave c of (III).