Incoming 50% correction for NVIDIA to $50

27 Jan

Patiently we waited and finally it has happened.It was the month of January 2025 when this immense bubble would break support. 2 years after it first confirmed in September 2022.

A number of reasons now exist for a bearish outlook. Look left. On the above 5 week chart:

1) Price action and RSI support breakouts.

2) RSI support confirms resistance on past support.

3) Looking left previous corrections were at least 50% from the support exit, that’s $50 today should that repeat.

4) Looking left the chart suggests this correction is over after 210 days. In other words August 10th presents a unique long term investment opportunity.

Is it possible price action continues upward trend? Sure.
Is it probable? No.

Ww

3 Feb

Dagangan aktif

Broken market structure, expect a volatile correction over the coming months.

3 Feb

Nota

A few messages and comments alluding "the bottom is in"

To all those folks, ask yourself this question, why is this time different?

Let me answer it for you, it isn't.
Look left, there is a high probability indication on the monthly chart below price action in for a tough time.

1 month chart

4 Apr

Nota

Down 25% so far, 25% to go until target or $60 area. If that fails, then expect $25.

16 Apr

Nota

Remember, every pump is retail providing exit liquidity. Fund managers have already left the building.

6 Mei

Nota

On the weekly chart below price action has broken the 50-week SMA. Look left. There is no recovery in price action until the 200 weekly SMA is tested, currently priced around $70

Is this time different?

Of course anything is possible but is it probable on looking left? There is a 34% chance this idea is wrong. Very poor long odds.