4H NVDA Elliot Wave Analysis

Counting a clear 5 wave impulse off (Y) with a zig-zag retracement that is respecting the parallel channel. in wave 2, wave ((c)) = 1.618((a)) and is respecting the lower boundary of the channel.

Bullish case for an impulsive wave 3 to pierce the upper boundary of the channel on the 0.618 relationship with wave 1 and looks technically oversold (RSI <20).

Bearish case would exist if the invalidation of the wave 1 extremity, with additional information surrounding parallel channel could mean continuation of correction.

Would likely zoom in to see lesser degree counts. Please comment if you agree or disagree with the count!