There may be hope for you NVDA hodler's.
Nvidia's Share price appears to have held the bottom of the channel after a 54% decline from its peak.
While NVDA has bounced (apparent triple bottom), we need a strong tailwind (counter-trend) to propel it through the suggested entry point. (Top of rose colored supply zone)
Targets and a stop are marked.
The projected Harmonic Pattern marked is a Cypher.
(Projected harmonics have less of a success rate that fully formed ones)
Naturally we need a positive tech market for this to work.
Educational not investment advice. Do your own due diligence.
Good Luck
S.
Nvidia's Share price appears to have held the bottom of the channel after a 54% decline from its peak.
While NVDA has bounced (apparent triple bottom), we need a strong tailwind (counter-trend) to propel it through the suggested entry point. (Top of rose colored supply zone)
Targets and a stop are marked.
The projected Harmonic Pattern marked is a Cypher.
(Projected harmonics have less of a success rate that fully formed ones)
Naturally we need a positive tech market for this to work.
Educational not investment advice. Do your own due diligence.
Good Luck
S.
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