NVDA has now topped, you can see that we've just formed another high time frame lower high and the rejection up here has the potential to create a strong bearish move.
I think it's very likely that the bearish move will take us all the way down to the bottom support before it's completed.
The bounce from the bottom went higher than I initially thought it would (which is why I'm creating a new chart), but price can't escape gravity and the same outcome is inevitable.
Let's see how it plays out over the coming weeks.
I think it's very likely that the bearish move will take us all the way down to the bottom support before it's completed.
The bounce from the bottom went higher than I initially thought it would (which is why I'm creating a new chart), but price can't escape gravity and the same outcome is inevitable.
Let's see how it plays out over the coming weeks.
Dagangan aktif
Bought some 8/15 $60P to express this view at $.06Nota
Added $142P for 6/27 here.Nota
Added 7/31 $100P, more to 8/15 $60PNota
Took another swing at it today being we had the pivot on Friday and price looks like it's rolling over now. 10/17 $85P
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