NVIDIA Lower High Confirmed | Lower Low To 77, 60 Or 44

22 thg 8

My dear friends, a classic "bounce" has been produced on the NVDA stock. Prices moved up three week straight after the initial drop. Trading volume continues to decrease (bearish).

➖ The current session has a long upper wick (bearish).
➖ The current session is really small compared to the previous two; loss in bullish momentum (bearish).
➖ The week is about to end on a bearish note (bearish).

Since we have a major low early August and now we are seeing the creation of a lower high, we can expect a lower low next.

👉 The targets for the lower low are as follows: 77.7, 60.6 or 44.4.

Pick yours...
➢ 77.7 is the main target with 60.6 do-able and possible.
➢ 44.4 Is less likely right now and too early to call.

We will see how the market acts, reacts and develops in the coming days.
We will give you an update if there is any change.

Thank you for reading.

Your support is truly appreciated.

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Namaste.

28 thg 8

Ghi chú

NVDA continues to look bearish (lower high still in place)

W:

D:

Everything on the chart clearly points toward lower prices.

29 thg 8

Ghi chú

Great earnings = great crash?
You don't need "earnings" when you have the chart.

Predictive traders will do better than reactive traders all the time.

Namaste.

4 thg 9

Giao dịch đang hoạt động

Lower high still in place.

NVDA (Nvidia), on track to the strongest correction in years.