$NVDA | A Double Bottom in the Making? Weโre spotting the early structure of a double bottom pattern forming on NASDAQ:NVDA โ a classic bullish reversal signal. After a steep decline, price action is showing signs of stabilization, testing support twice, and trying to recover from the lows.
But thereโs a catch...
๐ No confirmation yet.
The neckline still needs to be broken with strong momentum to validate this formation and trigger potential upside.
โ ๏ธ Todayโs tariff-related news could be the catalyst. A strong reaction may either confirm the breakout or invalidate the pattern entirely.
What to watch:
Break above the neckline with volume = potential entry โ
Failure + breakdown = more pain to come โ
This is a key technical level. Stay sharp and let price action lead the way.