$NVDA in for a sizable pull back over the next 45 days
Updated
Fibonnaci Circles, which represent areas in which resistances are likely to occur reverberate through time. The fib circle from the low of 2020 to the high of 2021 - and high of 2021 to low of 2022 show that our current price in the 620s is at a double resistance from both. This could result in a halt to the rise and likely a slow grind lower from here. It could see as low as $500 in the worst case scenario.
Trade closed: stop reached
It did take the initial drop as expected, but closing this trade early. Seeing signs that the drop was less extended than i initially thought and the next push up to 700 will be as early as mid February.
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