NVIDIA
Short

NVIDIA Bearish Potential Intact (Let Me Explain!)

Updated
NVIDIA (NVDA) just produced a double-top and I shall explain why this situation right now is extremely bearish.

➢ First, the session that produced the new ATH closed red and two sessions earlier there was a bearish signal.

➢ Second, trading volume continues to decrease as a new high is hit.

➢ Third, NVDA is trading at resistance, the strongest resistance possible and the strongest resistance ever, the All-Time High.

Caution: The people who draw these charts, the section of the market that have enough purchasing power to move it are all professional traders. What we know and what we can see and spot in a chart they know a million times better and they have access to data that we do not have. This type of chart setup can be exploited by professional traders. While they know a crash is imminent because of price dynamics, fundamentals and market conditions, they can still work to push prices higher in order to produce one final fake-out before the major drop. Think of Binance Coin around June 2024, something like this.

Regardless of these market moves, the short-term or other unexpected scenarios, the market is set to crash in the coming weeks or months.

This is warning for the clueless ones. We sell at resistance (high prices) and buy at support (low prices).

Thank you for reading.

Namaste.
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Here you have it... snapshot

Notice how the price of NVDA went above resistance just to move back down. This can be a false breakout, a failed signal or simply a market move to activate those with stop-loss orders at the last ATH.

Once the action moves back below resistance the signal becomes many times stronger, but it needs confirmation. Say you get 1-3 additional candles below the red line and you have your crash confirmed.
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Looks like Nvidia's next drop will be super intense. The weekly timeframe reveals the magnitude of what is coming.

Daily: snapshot

Weekly: snapshot

The minimum drop I think would amount to 30%, this would mean a double-bottom. It can go to 40-45% on the bearish impulse. After the initial impulse, we will have to revisit the chart but the correction can turn into a bear-market, this I can't say right now from the chart because this, and other stocks, have been growing forever.

This is the last chance to sell/SHORT.

Wishing you luck.
Wishing you good profits and success.

Thank you for reading and for your continued support.

Patience is key!

Namaste.
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