Nvidia (NVDA): Wave 4 Correction

SUMMARY

Nvidia (NVDA) has had a rocke surge of the past couple years. Could GPU bitcoin mining demand have anything to do with it? Of a primary cycle, it has placed waves 1,2 and 3 and I believe a correction for wave 4 is in progress. The below chart also shows that the MACD peaked and is now declining to accomodate the retracement.

The prior flag (blue) was the biggest pause poin in the near vertical move. I believe wave 4 correction coudl also take the bull flag pattern. Yes, it could morph into a triangle or become a complete wxyxz complex type. Is this the time to be trading in and out? Not I, because corrections are the most notoriously difficult analysis to make given the 34 possibilities at every twist and turn. However, wave 5 should enable all time new highs.

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