I have a related post in which I've done most of the heavy lifting and proof of concepts (showing the real time implementation of the model on the SMCI bust) for this.
This post's main purpose is just to have a post to specifically track the failure of the setup in NVDA or to update on the different stages of the model through the decline is we end up making the classic butterfly top.
The drop here would not only satisfy all the stages of the Minsky model, it would also complete the Elliot wave boom and bust posted at 500 in NVDA.
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