BEARISH CASE: NVDA SHOWING CLASSIC PARABOLIC EXHAUSTION 📉
After an unsustainable 300%+ rally since Q3 2023, NVDA is displaying textbook parabolic blowoff characteristics. Weekly chart shows fractal trend violation with price touching upper resistance for first time since 2023.
4-hour chart reveals rapid breakdown below parabolic SAR support - a key reversal signal after extended uptrends. RSI at weekly overbought levels (70+) for prolonged period, historically precedes significant corrections.
Multiple Fibonacci retracement levels ($110-130) now acting as downside targets, representing 30-40% correction potential from all-time highs.
Institutional rotation away from AI premium already in progress. Extremely elevated valuation metrics combined with technical exhaustion pattern suggests profit-taking accelerating.
The AI narrative has pushed NVDA's market expectations beyond reasonable execution capabilities. Watching for confirmation at $150 support level - a break there opens path to much larger correction.
NVDA #TechnicalAnalysis #BearishSetup
After an unsustainable 300%+ rally since Q3 2023, NVDA is displaying textbook parabolic blowoff characteristics. Weekly chart shows fractal trend violation with price touching upper resistance for first time since 2023.
4-hour chart reveals rapid breakdown below parabolic SAR support - a key reversal signal after extended uptrends. RSI at weekly overbought levels (70+) for prolonged period, historically precedes significant corrections.
Multiple Fibonacci retracement levels ($110-130) now acting as downside targets, representing 30-40% correction potential from all-time highs.
Institutional rotation away from AI premium already in progress. Extremely elevated valuation metrics combined with technical exhaustion pattern suggests profit-taking accelerating.
The AI narrative has pushed NVDA's market expectations beyond reasonable execution capabilities. Watching for confirmation at $150 support level - a break there opens path to much larger correction.
NVDA #TechnicalAnalysis #BearishSetup
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.