NVDA
W1 - There is a double top, which may indicate a fall in price. After breaking through the trend line, the nearest target will be at level 345, if the price consolidates beyond the level of 401, it will be possible to consider a change in trend and in the global movement of the target to 269.83
The trend line may also be broken and the uptrend will continue
What can you expect?
Movement to levels 401 - 345.02 - further correction and formation of the next pattern is possible to understand the picture and how to act
Short
Targets – 401 - 374.59 - 345.02
Long-term perspective (retest needed\3rd wave) – targets 345.02 - 306.34 - 269.83
Long - will be considered when the situation changes.
W1 - There is a double top, which may indicate a fall in price. After breaking through the trend line, the nearest target will be at level 345, if the price consolidates beyond the level of 401, it will be possible to consider a change in trend and in the global movement of the target to 269.83
The trend line may also be broken and the uptrend will continue
What can you expect?
Movement to levels 401 - 345.02 - further correction and formation of the next pattern is possible to understand the picture and how to act
Short
Targets – 401 - 374.59 - 345.02
Long-term perspective (retest needed\3rd wave) – targets 345.02 - 306.34 - 269.83
Long - will be considered when the situation changes.