I started warning about 
NVDA back on Nov. 4th, 2024, and we all saw a healthy -30% decline since then.
Updating that chart reveals a rounding topping pattern in place. Despite the 30% collapse, the pattern remains as bearish as ever.
CAUTION is in order!
NVDA back on Nov. 4th, 2024, and we all saw a healthy -30% decline since then. Updating that chart reveals a rounding topping pattern in place. Despite the 30% collapse, the pattern remains as bearish as ever.
CAUTION is in order!
Trade active
Since my initial post warning NVDA has topped out price is down 30%.that's almost 1/3 of the company's entire value. 7% was lost today alone.
Remember no matter how high the price goes in any stock, it is always 100% from ZERO!
So losing 30% is a very big deal!
As expected! I see no reason why this doesn't lose 50% of its value at least!
Trade closed: target reached
Again I am forced into "Target reached" by Tradingview. It is not good for me as a Macro Trader. I will repost this chart. SIGH!I'm renaming this pattern "Hagia Sophia"! Hahah!
Whatever it takes to get you to see it. ))
Anyway, it is backfilling all the way down.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
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.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
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.