CMP: $184
NVDA has formed a Bearish Engulfing on the weekly chart and is currently trading inside the engulfed candle.
A WCB / sustained break below $178.91 will confirm the pattern → likely dragging price toward $164 and the major $153–$148 breakout-retest zone. 🔻
A WCB above the ATH $212.19 will invalidate the pattern and signal a fresh uptrend. 🚀
📌 Note: Q3 earnings to be announced post-market. 🕒
Bias: Short-term bearish, HTF bullish if $148–$153 holds. 💚
#USMarket #NVDA #Stocks #TechnicalAnalysis #PriceAction #BearishEngulfing
📌 #Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
NVDA has formed a Bearish Engulfing on the weekly chart and is currently trading inside the engulfed candle.
A WCB / sustained break below $178.91 will confirm the pattern → likely dragging price toward $164 and the major $153–$148 breakout-retest zone. 🔻
A WCB above the ATH $212.19 will invalidate the pattern and signal a fresh uptrend. 🚀
📌 Note: Q3 earnings to be announced post-market. 🕒
Bias: Short-term bearish, HTF bullish if $148–$153 holds. 💚
#USMarket #NVDA #Stocks #TechnicalAnalysis #PriceAction #BearishEngulfing
📌 #Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.