โข NVDA is incredibly bullish, however, it is trading at a critical key point;
โข NVDA just hit a trend line that connects all its previous top levels since Nov 2021;
โข Whatโs more, NVDA is inside a Descending Channel;
โข However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure;
โข It would not only break free from a Descending Channel, but would trigger an Inverted Head and Shoulders chart pattern, in the weekly chart;
โข This would be the confirmation sign of a bullish reversal on NVDA โ however, this pattern wasnโt triggered yet;
โข Any top sign under this resistance could easily frustrate the bullish thesis, therefore, we must keep our eyes open;
โข Iโll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
โข NVDA just hit a trend line that connects all its previous top levels since Nov 2021;
โข Whatโs more, NVDA is inside a Descending Channel;
โข However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure;
โข It would not only break free from a Descending Channel, but would trigger an Inverted Head and Shoulders chart pattern, in the weekly chart;
โข This would be the confirmation sign of a bullish reversal on NVDA โ however, this pattern wasnโt triggered yet;
โข Any top sign under this resistance could easily frustrate the bullish thesis, therefore, we must keep our eyes open;
โข Iโll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
๐ด Only 5% of traders manage to beat the market.
๐ Join the 5%: thefinancehydra.com/
๐ฒ๐ฒ Project 5%: + 104%
๐น S&P500: +35%
๐ช Public track record.
๐ Join the 5%: thefinancehydra.com/
๐ฒ๐ฒ Project 5%: + 104%
๐น S&P500: +35%
๐ช Public track record.