NVDA - Falling Wedge Looks to Resolve Lower

Price has been stuck in a falling wedge since early November. The falling wedge generally indicates a continuation of the prior uptrend; however, in this case, the falling wedge seems to be breaking down. A continuation pattern becoming a reversal pattern is a strong bearish sign; NVDA, just like the rest of the tech sector and the broader market, seems to be entering a bearish period. Place a stop loss at former support, now resistance, of the falling wedge (around $257). Trim at $243; if this level breaks, and it likely will, it won't find much support until the $196 level. Look out for a price drop following FOMC.