NVIDIA Wave Analysis – 30 October 2026

NVIDIA: ⬇️ Sell

– NVIDIA broke key support level 208.50

– Likely to fall to support level 200.00

NVIDIA recently broke the support zone between the key support level 208.50 (which stopped wave ii at the end of August and wave iv in the middle of September), the daily support trendline from March and the 61.8% Fibonacci correction of the upward impulse from the end of July.

The breakout of this support zone accelerated the active C-wave of the ABC correction (B) from the start of October.

Given the bearish sentiment across the USA equity markets today, NVIDIA can be expected to fall further toward the next round support level 200.00 – former support from June, which stopped wave a in the middle of June.