NVDA has come into the ascending trend line. I have draw a large box in a zone that I believe has a good chance for a short term reversal. Of note.. we have the 618 and a gap at the lower part of the box. Not keen of buying right away. Will watch for a lower time frame reversal pattern. I will try to update the chart if I see something setting up.
Commento:
Example of a lower time frame basing pattern. Break above the horizontal trendline and then the downward trend line may yield a move back to Friday's close.
Commento:
Closed at 272.