The measured move off the Head & Shoulders pattern presents a measured move target of $73 if price continues to fall on NVDA. The 0.786 Fib 0.786 retrace had a perfect touch on Friday. Expect a 11% bounce from the 0.786 to the gap fill above. Retrace target = 0.618 Fib. This would establish another Lower High. Trend still presents with downward momentum. Then, expect the next move down towards $75.04
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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.