Short

NVDA - Time for a Retrace

Updated

NVDA ... Longer term LOG chart

This is in a topping area of a "B" wave. I expect a decline to the lower black channel as illustrated on the chart...
Price is currently in-between fibs .5 & .62. Could get a little tricky. A trendline break approach would be prudent IMO. See chart below...

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Be prepared for something like this to occur

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Update...spike to the top Notice fib level

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We're at the anticipated area.... May want to get a trendline in place.

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I think that should do it...

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It appears this could be resolved ending in a diagonal... Still looking for confirmation on the weekly. .786 fib at 296.50.

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Taking shape.... Area of interest 295..ish

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The dreaded head and shoulders.... Looks like a top. If it breaks the channel that will be further confirmation.

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Continue to be an observer... Looking for sell set-up at Fib cluster below

oliverrathbun

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