NVIDIAShort
NVIDIA Monthly | RSI, Elliott Wave & More (Bear-Market?) NVDA i
NVDA is showing multiple "top signals"... That is, an All-Time High has been hit.
The last time NVDA peaked a year long bear-market followed.
➖ Elliott Waves
Here we have a full 5-up waves pattern.
A classic ABC correction tends to follow this pattern.
➖ RSI | Bearish Divergence
This is a classic, and this signal here is super strong because it is based on the monthly timeframe.
Notice the higher highs...
Notice the lower highs...
This is a seven and a half (7.5) years long bearish divergence: NVDA vs its RSI.
➖ Rising Wedge
The most important fact to consider here is the timeframe; monthly.
This rising wedge is already breaking bearish.
➖ Rounded Top
This is a classic pattern and clearly depicts the situation in which this stock finds itself.
NVDA is trading below 0.236 Fib. retracement as well as below the open/close of the two previous sessions. This is a bearish confirmation.
Conclusion
These are all bearish signals pointing toward a major correction in the coming months.
Namaste.
The last time NVDA peaked a year long bear-market followed.
➖ Elliott Waves
Here we have a full 5-up waves pattern.
A classic ABC correction tends to follow this pattern.
➖ RSI | Bearish Divergence
This is a classic, and this signal here is super strong because it is based on the monthly timeframe.
Notice the higher highs...
Notice the lower highs...
This is a seven and a half (7.5) years long bearish divergence: NVDA vs its RSI.
➖ Rising Wedge
The most important fact to consider here is the timeframe; monthly.
This rising wedge is already breaking bearish.
➖ Rounded Top
This is a classic pattern and clearly depicts the situation in which this stock finds itself.
NVDA is trading below 0.236 Fib. retracement as well as below the open/close of the two previous sessions. This is a bearish confirmation.
Conclusion
These are all bearish signals pointing toward a major correction in the coming months.
Namaste.
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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.
💥💥💥 Gain LIFETIME access for a one-time-payment 👉 lamatrades.com (Since 2017)
Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971
🏆 More: t.me/alansantana1111/5935
Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971
🏆 More: t.me/alansantana1111/5935
Related publications
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.