$NVDA has topped, new lows incoming

23 thg 6

NVDA has now topped, you can see that we've just formed another high time frame lower high and the rejection up here has the potential to create a strong bearish move.

I think it's very likely that the bearish move will take us all the way down to the bottom support before it's completed.

The bounce from the bottom went higher than I initially thought it would (which is why I'm creating a new chart), but price can't escape gravity and the same outcome is inevitable.

Let's see how it plays out over the coming weeks.

23 thg 6

Giao dịch đang hoạt động

Bought some 8/15 $60P to express this view at $.06

25 thg 6

Ghi chú

Added $142P for 6/27 here.

30 thg 6

Ghi chú

Added 7/31 $100P, more to 8/15 $60P

13 thg 8

Ghi chú

Took another swing at it today being we had the pivot on Friday and price looks like it's rolling over now. 10/17 $85P