Chart Pattern Analysis Of NVDA.
K1 and K2 is a strong bullish engulfing pattern,
But unfortunately, K3 failed to close upon K2 to verify the strong momentum.
And the demand or supply pressure sharply decreased here.
So, it is possible that the following candles consolidate here for days and then choose to break up or fall down.
On the other hand,
It is also likely that K4 close below K2 immediately,
If that’s the fact,
A larger scale consolidation will starts here.
Long-136/Stop-134.6/Target-144
Long-130/Stop-128/Target-144