Artem Voloskovets
Nvidia is drawing renewed attention after fresh technical projections suggested the stock may remain in a broader corrective phase. According to Elliott Wave analysis, NVDA appears to have completed the bullish cycle that began from the November 25, 2025 low. The latest chart indicates that the current rebound is likely corrective and may fail before the next leg lower develops, reinforcing the outlook described in NVDA Correction Target $161 After Failed Bounce.
Elliott Wave Structure Points to $161 Target
The Elliott Wave structure shown on the chart suggests NVDA's current bounce is expected to unfold in either three or seven swings before reversing lower. This structure typically signals a continuation of the dominant correction. The broader pullback that began after the October 2025 peak could extend toward the $161.09 region if the pattern completes as expected.
This scenario aligns with technical outlooks discussed in NVDA Price Target: Four Red Weeks Signal Key Support Retest, where analysts highlighted the risk of extended consolidation after Nvidia's strong AI-driven rally.
Critical Levels and Market Implications
Recent price action reflects this corrective pattern. The chart outlines a decline followed by a temporary rebound labeled as waves A and B, with wave C potentially completing the corrective bounce before another move lower. The structure also shows the stock failing near the $200 zone, while the key invalidation level is marked at $203.49.
"If this level holds, the broader correction from the October 2025 high could continue."
Similar consolidation dynamics were previously noted in NVDA News: Price Consolidates Around $170 - Is $200 Next?, where analysts highlighted how support near the mid-$160 region may determine the next trend direction.
The evolving technical structure places NVDA at a critical point within the broader semiconductor and AI sector. Nvidia remains one of the most closely watched stocks due to its central role in AI infrastructure and data-center demand. If the Elliott Wave scenario unfolds as projected, a move toward the $161 area would represent a deeper retracement within the broader trend while shaping market sentiment around NVDA's near-term trajectory.
Artem Voloskovets
