NVIDIAShort
NVDA - Flag officer is tired
TREND
Current wave structure: Uptrend.
Head on shoulders in the daily timeframe is a reversal indicator.
A potential breakout (on the shoulders) may form a bullish harmonic pattern that is pretty common in uptrend.
Moving Averages
Prices cannot get away from 20-day (Red) and 50-day (Orange) that is an indicator of tiredness.
A fast visit to 100-day (Turquoise) or between 200-day may take the tension of the prices.
SUMMARY
Based on this analysis, a price action to the support line is expected.
Meanwhile flag officer takes a rest,
TSLA will takeover the role during the absence.
Current wave structure: Uptrend.
Head on shoulders in the daily timeframe is a reversal indicator.
A potential breakout (on the shoulders) may form a bullish harmonic pattern that is pretty common in uptrend.
Moving Averages
Prices cannot get away from 20-day (Red) and 50-day (Orange) that is an indicator of tiredness.
A fast visit to 100-day (Turquoise) or between 200-day may take the tension of the prices.
SUMMARY
Based on this analysis, a price action to the support line is expected.
Meanwhile flag officer takes a rest,
TSLA will takeover the role during the absence.Note
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.