NVIDIA BREAKS BELOW!! Signs of Impending DropWe have seen the price close the day under the daily trendline trailing the lows of the uptrend for over two years. We have a view in mind to expect this decline and this only adds solidity on to that scenario.
Further and way more interesting is that in the current point we stand in the price, it seems as if we are about to see a third wave move down which should be accompanied by an increase in volume and acceleration of the price. Now this is not a foregone conclusion as the price structure could still diverge into other more complex scenarios but it is fair to say the third wave down is among the most likely, if not outright the most.
If we end up indeed amid a third wave, the 147 high should hold strongly until the rest of this current impulse wave is finished.
Happy trading :)
