NVDA - Time for a Retrace
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NVDA ... Longer term LOG chart
This is in a topping area of a "B" wave. I expect a decline to the lower black channel as illustrated on the chart...
Price is currently in-between fibs .5 & .62. Could get a little tricky. A trendline break approach would be prudent IMO. See chart below...
This is in a topping area of a "B" wave. I expect a decline to the lower black channel as illustrated on the chart...
Price is currently in-between fibs .5 & .62. Could get a little tricky. A trendline break approach would be prudent IMO. See chart below...
Nota
Be prepared for something like this to occurNota
Update...spike to the top Notice fib levelNota
We're at the anticipated area.... May want to get a trendline in place.Nota
I think that should do it... Nota
It appears this could be resolved ending in a diagonal... Still looking for confirmation on the weekly. .786 fib at 296.50. Nota
Taking shape.... Area of interest 295..ishNota
The dreaded head and shoulders.... Looks like a top. If it breaks the channel that will be further confirmation.Nota
Continue to be an observer... Looking for sell set-up at Fib cluster below
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