NVIDIAShort
Phase 4 broken, the hyperwave will be completed
We've seen this cycle across more or less in all kinds of assets. the MAG7 is no exception. As today, we've broken down from Phase 4, despise you like it or not, once these structures break down, PA(price action) will always find its way back to its true fair value.
Already called it, but this time, we get a closer look towards the TA in NVDA.
Sequentials are settled in, we're going for a 9 monthly count of sequential bars down, the intensity of the moves is yet to be known, but alas, we will have to look at SMA's and the range of the monthly Linear Regression, they all have supports around 80, 40, 20.
And as usual, be safe, don't long this.
Already called it, but this time, we get a closer look towards the TA in NVDA.
Sequentials are settled in, we're going for a 9 monthly count of sequential bars down, the intensity of the moves is yet to be known, but alas, we will have to look at SMA's and the range of the monthly Linear Regression, they all have supports around 80, 40, 20.
And as usual, be safe, don't long this.
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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.