Nvidia - Consolidation Before -50% Drop!
Nvidia (
NVDA) is preparing for the correction:
Click chart above to see the detailed analysis👆🏻
Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.
Levels to watch: $120. $60
Keep your long term vision,
Philip (BasicTrading)
NVDA) is preparing for the correction:Click chart above to see the detailed analysis👆🏻
Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.
Levels to watch: $120. $60
Keep your long term vision,
Philip (BasicTrading)
Trade attivo
Trading update on Nvidia (NVDA):
Click chart above to see the detailed analysis👆🏻
Nvidia is currently retesting the previous all time high and can either create a bullish breakout, which will then lead to much more upside or reject the resistance and enter into a bear market. Both scenarios are still possible and only time will tell the absolute truth.
Levels to watch: $130, $200
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision.
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Trading newsletter👇🏻
basictrading.net
Keep your long term vision.
Trading newsletter👇🏻
basictrading.net
Trading newsletter👇🏻
basictrading.net
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