NVDA, CRUCIAL Pullback Triggers, Major BEARISH Indications!

Hello There!

Welcome to my new analysis about NVDA on several timeframe perspectives. Within the recent times the market of NVDA has shifted into a potentially crucially developing bearish pullback scenario consideration. Especially, as there are underlying bearish factors that could trigger such a bearish signal that NVDA does not have the ability to emerge with new highs in the near future.

Within the recent times "official" sources have reported about the new Covid-19 variant "Iris" which is already causing the rise of the hospital activity to over 40%. Within the Covid-19 pandemic global financial market disruptions such stocks showed a major downside. Only a half of this dynamic seen in 2020 this time could trigger such a bearish rection in NVDA that is causing further net-long-position liquidation-squeezes towards the downside to emerge with a minimum -30% dump.

A major shortage within the semiconductor manufacturing could accelerate a bearish dynamic here as NVDA could emerge with a massive bearish indication especially once supply chain disruptions emerge similar as it has been alreay seen within the actual declines in May 2020 because of this dynamic. Depending on the severeness and intensity of the supply shortages this could trigger such a bearish momentum that even once the final ascending-wedge targets are reached NVDA moves further after this.

Once a continuation of bearish pullbacks emerges here and NVDA formed the breakout below the lower boundary of the gigantic ascending triangle this is going to activate the target-zones marked in my chart at 280-300. Once the targets are reached it has to be elevated how the bearishness continued till there on and if a reversal will even be possible.

When NVDA continues with the major bearish inclinations this does not mean NVDA is going to be bearish forever and that it is not going to mark a new all-time-high ever again. Because, especially when the bearish momentum could reach such a level from where a reversal is possible in combination with a confirmation in the market there is still the possibility for stabilization and a retest of previous areas. This is why I am keeping the symbol on the watchlist and re-evaluate the situation once important changes setup.

In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.

VP

Comment:

ANALYSIS UPDATE: NVDA is testing the main structure levels. A breakout from here on is going to emerge with the wave expansion.

Comment:

UPDATE: A decline in semiconductor microchips is likely to result in a bearish market sentiment acceleration to complete the current reversal pattern.