NVDA - Head & Shoulders Forming

25 Oca 2022

Price is forming a head & shoulders pattern signifying the end of yesterday's surprise rally. This pattern is forming on several other major indices and stocks in the tech sector suggesting a bearish insurrection throughout. The bearish crossover on MACD further strengthens the trade premise. Look to enter short on break of support at $225. Stops right above entry and take profits at $210 where we've previously seen strong demand come into play.