NVDA: 50% correction / XABCD short it 150 USD
🔸Hello traders, today let's review the H4/candle NVDA price chart.
Recently solid gains after we filled a massive gap near 100 USD, so a normal
liquidity fueled bounce currently in progress. Having said that, that's where
the good news end. Massively overvalued company due to AI hype / euphoria, this bubble will deflate soon, very limited upside.
🔸Setup is based on speculative XABCD structure, point X at 138, point A and 100, point B at 130, point C at 105 usd and finally point D/PRZ at 150 usd. Most points already confirmed, only D/PRZ pending. Gravity pull / massive open gap (on the right) will drag the prices down and we will drop to 70 usd handle. this is a 50% correction for NVDA.
🔸recommended strategy positiov traders: advanced SHORT/hold setup at point D 150 usd, TP bears is 100 USD TP1 / TP2 75 USD /open gap near 70 USD. keep in mind that this is advanced entry strategy for the bears. SL fixed at 165 USD. 50% correction incoming and it's best to prepare in advance. good luck, traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Recently solid gains after we filled a massive gap near 100 USD, so a normal
liquidity fueled bounce currently in progress. Having said that, that's where
the good news end. Massively overvalued company due to AI hype / euphoria, this bubble will deflate soon, very limited upside.
🔸Setup is based on speculative XABCD structure, point X at 138, point A and 100, point B at 130, point C at 105 usd and finally point D/PRZ at 150 usd. Most points already confirmed, only D/PRZ pending. Gravity pull / massive open gap (on the right) will drag the prices down and we will drop to 70 usd handle. this is a 50% correction for NVDA.
🔸recommended strategy positiov traders: advanced SHORT/hold setup at point D 150 usd, TP bears is 100 USD TP1 / TP2 75 USD /open gap near 70 USD. keep in mind that this is advanced entry strategy for the bears. SL fixed at 165 USD. 50% correction incoming and it's best to prepare in advance. good luck, traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
NVIDIA would need to generate: 1250 billion dollars in cash flow over the next twenty years to justify the current valuation. IMPOSSIBLE.Note
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