The dashed white lines represent leg AB and leg CD.
This is also a bullish Gartley that overshot the .786 of that pattern's landing pad by a few dollars. The Gartley contains an AB=CD pattern.
There is often more than one pattern in a chart. Many bullish patterns have been failing or not hitting full targets due to overhead resistance as of late so be safe if long.
Possible Head & Shoulders but more like an Ugly top as the left shoulder is much lower than the right if it were a H&S pattern. Either way I marked the neckline.
It looks like we may have a rally to the upside. Is it temporary? Probably.
NVDA hit a critical support level which was also the 62%/.618 retracement and has bounced for the time being.
There are plenty of resistance levels overhead.
I will click neutral for now, but this may be a short term Long and a longer term Short.
Targets in white are possible targets if this continues to the upside. Targets in orange are possible targets if NVDA breaks that critical support level.
The market gravitates toward uncertainty )o:
No recommendation
This is also a bullish Gartley that overshot the .786 of that pattern's landing pad by a few dollars. The Gartley contains an AB=CD pattern.
There is often more than one pattern in a chart. Many bullish patterns have been failing or not hitting full targets due to overhead resistance as of late so be safe if long.
Possible Head & Shoulders but more like an Ugly top as the left shoulder is much lower than the right if it were a H&S pattern. Either way I marked the neckline.
It looks like we may have a rally to the upside. Is it temporary? Probably.
NVDA hit a critical support level which was also the 62%/.618 retracement and has bounced for the time being.
There are plenty of resistance levels overhead.
I will click neutral for now, but this may be a short term Long and a longer term Short.
Targets in white are possible targets if this continues to the upside. Targets in orange are possible targets if NVDA breaks that critical support level.
The market gravitates toward uncertainty )o:
No recommendation