QUICK UPDATE: $NVDA continues to breakdown from the rising wedge with price nearly hitting shorter-term target 2.
Confluence of targets > single target
IMO, patterns hit their price targets about 30-35% of the time based on the good old eyeball test data.
The quest is, will
Jesse Olson
@JesseOlson
11-26
BREAKING: $NVDA Daily Chart
• Bearish divergence
• Rising wedge
• Pending sell signal
Here are some signs of a longer-term correction based on weekly chart:
• Longer-term bearish divergence
• Was a lower high just put in? Too early to call it so we'll need to wait for the hindsight crew to tell us 😉
1/2
2/2
• MACD Bearish Crossover
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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