Regardless of your view of AI, we need to recognize that NVDA's run up recently is ridiculous. It is so high that even their executives are selling their shares. But that's besides the point.
Looking at my plotting of the EW counts, one can see that I expect the price to start moving down and start moving down real fast. There is a gap area that I marked as "Crash area". There are no support over at this price point and a crash is imminent if NVDA moves into this area.
Also note that RSI divergence with price.
Good luck!
Looking at my plotting of the EW counts, one can see that I expect the price to start moving down and start moving down real fast. There is a gap area that I marked as "Crash area". There are no support over at this price point and a crash is imminent if NVDA moves into this area.
Also note that RSI divergence with price.
Good luck!