Nvidia - Consolidation Before -50% Drop!

Sep 30

Nvidia (NVDA) is preparing for the correction:



Click chart above to see the detailed analysis👆🏻

Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.

Levels to watch: $120. $60

Keep your long term vision,
Philip (BasicTrading)

Oct 15

Trade active

Trading update on Nvidia (NVDA):



Click chart above to see the detailed analysis👆🏻

Nvidia is currently retesting the previous all time high and can either create a bullish breakout, which will then lead to much more upside or reject the resistance and enter into a bear market. Both scenarios are still possible and only time will tell the absolute truth.

Levels to watch: $130, $200

Keep your long term vision,
Philip (BasicTrading)