Nvidia (NVDA) is showing strong growth since hitting a low in April 2025. Currently, the stock is in the final wave ((5)) of its cycle, which has a structure of five nested waves. The rise began from wave ((4))’s low at $164.07, reaching $195.62 at wave (1). After a correction in wave (2) to $176.18, wave (3) continued to climb. Within wave (3), wave 1 peaked at $185.20, followed by a retracement in wave 2 to $176.76. The rally picked up speed in wave 3, with wave ((i)) finishing at $195.47 and wave ((ii)) finding support at $191.91. Next, we expect wave ((iii)), followed by a consolidation in wave ((iv)), and then a final push in wave ((v)) of 3. This pattern indicates that Nvidia will likely continue reaching higher highs until wave (5) of ((5)) ends the current cycle from April 2025. Support is solid at the $176.18 low. As long as this level holds, any dips may attract buyers, boosting potential further gains. The impulsive pattern and positive movement in the stock align with Elliott Wave principles, keeping the upward trend on track. As of October 29, 2025, Nvidia’s bullish structure shows a clear positive path. The stock is in a strong upward trend that started in April 2025 and is likely to keep making gains. Short-term weakness could be seen as an opportunity to buy, especially since the current wave structure indicates more momentum building. This outlook is reinforced by strong expectations ahead of the Q3 earnings report, expected in mid-November 2025. Analysts predict record data center revenues, likely over $35 billion, driven by strong demand for the new “X200” AI accelerators. This positive development supports the technical forecast for continued growth in the coming weeks. In light of this, we should consider strategies that take advantage of the strong support level at $176.18. Selling out-of-the-money put credit spreads with a short strike below this pivot point could be a smart way to earn premium. This strategy benefits from a rising stock price while also capitalizing on time decay, consistent with the view that the $176.18 level will maintain its strength. For those who want to be more aggressive, buying call options or setting up bull call spreads could directly take advantage of the expected price increase. Focusing on expirations in late November or December 2025 allows time for the anticipated rally after earnings to develop. This strategy aims for the completion of the final wave of upward movement. It’s important to note that implied volatility is increasing as we near the earnings announcement, making options pricier. This rise in IV increases the premium from selling puts but also raises the cost of buying calls. We need to consider this factor in our strategy and position sizing. The crucial risk point is still $176.18. If the stock goes below this level, it would invalidate the immediate bullish impulse structure. We should use this price as a clear risk management line for any long derivatives. As long as we stay above it, the most likely path appears to be upwards.

here to set up a live account on VT Markets now