Chart Pattern Analysis Of NVDA
Updated
https://www.tradingview.com/x/BkqfCGXa/
K1 is a first test to the long-term uptrend channel,
K3 verified the uptrend but failed to close at high price area.
The volume at K3 had dropped to the lowest level.
The problem of the uptrend is lacking enough demands after a long time upward.
It is likely that K4 will fall back to test the upper price area of K2,
If it finds enough demands there,
It will likely starting another bull run at 110 USD.
The bull gap is the potential support.
K1 is a first test to the long-term uptrend channel,
K3 verified the uptrend but failed to close at high price area.
The volume at K3 had dropped to the lowest level.
The problem of the uptrend is lacking enough demands after a long time upward.
It is likely that K4 will fall back to test the upper price area of K2,
If it finds enough demands there,
It will likely starting another bull run at 110 USD.
The bull gap is the potential support.
Note
After K2 break up the uptrend channel,
K3 tested it for a first time,
It verified the long-term bull market.
If the following candles fall back to test the upper price area(at about 110USD) of K2 for a second time,
It will be a good place to buy in.
Note
After K3 close upon the uptrend channel,
It seems that the following candles will keep accelerating.
There are not any bad signals temporarily.
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