NVDA’s Final Act: A Breakout Waiting to Happen

3 Nis

NVDA appears to be nearing the completion of its corrective phase, setting the stage for a potential move to new highs. The current pattern resembles a falling wedge, indicative of an ending diagonal formation, which often signals a reversal and the start of an upward trend.

The structure of the corrective channel, along with the termination of the diagonal pattern, suggests a high likelihood of a running flat formation. Buyers are likely to intensify demand pressure as the price approaches the lower boundary of the trendline. A trend reversal may occur if there is a decisive breakout above the Wave 4 level of the ending diagonal.

Buying opportunity with minimal stop is possible after the reversal from lower side of the channel. Targets can be 112 - 120 - 132 - 140.

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6 Nis

İşlem aktif

Now, Buying opportunity above is above 101, else selling pressure will drive price to 86.