[EN] Shooting star Nvidia. Target: 195$ // GaliortiTrading

1 ott 2023

NVDA has its very mature uptrend in an exhausted five-wave cycle on 3-month candles. It is currently developing a shooting star at all-time highs.

It is highly likely to develop a corrective pattern in its long-term uptrend. Probably in a wave A, B, C pattern. The top of the previously broken bullish channel, its accelerated trendline and the level of 61.8% of Fibonnaci constitute the target of this correction ($195).

Large bearish divergence with RSI indicator