NVIDIA Carried nasdaq to our base of our inverse head and shoulders, we can potentially see nasdaq forming a shoulder and then retesting the base (13930) if the base is broken then I would expect Nasdaq to hit 14200 close to the USA debt ceiling meeting - 1 June 2023, or if there's any positive news regarding the debt ceiling.
With NYSE about to open we could see the bulls take over sooner than we want, we have seen this multiple times with an inverse head and shoulders pattern close to NYSE open. hence why we have an early buy zone.
Other forms of validation:
- Fair value gap
- Trend Line retest
- Shoulder pattern
- 50 day ema
With NYSE about to open we could see the bulls take over sooner than we want, we have seen this multiple times with an inverse head and shoulders pattern close to NYSE open. hence why we have an early buy zone.
Other forms of validation:
- Fair value gap
- Trend Line retest
- Shoulder pattern
- 50 day ema