NVDA Exhaust
Updated
NVDA has a unique way of going down to scale up in a multiple flag pattern towards each highs.
Last time NVDA had a leg on it’s major trend-line was July 2024.
This up movement it just did is changing the way NVDA usually scales back up and bring a similarity to when it dropped when it bounced of 131 resistance down to 110.
My prediction is this high movement to the upside is a reaction before earnings, which will cause a reason to take liquidity on the remaining portion of the resistance to become bearish.
NVDA can drop down to the FVP that never closed on the 120 area in order to make another leg on its bullish major trend-line.
If the news are good enough after the chip issue then it invalidates my prediction. But I am feeling confident on this change of structure, since NVDA is moving differently in nature.
Last time NVDA had a leg on it’s major trend-line was July 2024.
This up movement it just did is changing the way NVDA usually scales back up and bring a similarity to when it dropped when it bounced of 131 resistance down to 110.
My prediction is this high movement to the upside is a reaction before earnings, which will cause a reason to take liquidity on the remaining portion of the resistance to become bearish.
NVDA can drop down to the FVP that never closed on the 120 area in order to make another leg on its bullish major trend-line.
If the news are good enough after the chip issue then it invalidates my prediction. But I am feeling confident on this change of structure, since NVDA is moving differently in nature.
Trade active
Today we have started a beautiful downtrend. After market closes we might be able to see this prediction with more clarity. 
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.