NVIDIA – Enormous Pressure After Reaching the Stretch Level

kelmarin

Between July 31 and August 13, price kept nagging at the white U-MLH,
but there wasn’t enough strength to break through.

From there, price began to drift lower, pressing against the red U-MLH.
The close last Friday failed to break below the red U-MLH –
a clear sign of weakness!

If the green mini-trendline gives way and the white ¼-Line moves above price as well,
NVDA could be ripe for a short setup.

Let’s stalk the trade.

kelmarin

Nota

Daily TF