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RizeSenpai

NVDA: Bearish Divergence at PCZ of Bearish Shark: Selling Calls

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NVIDIA (NASDAQ:NVDA)  
RizeSenpai Updated   
NASDAQ:NVDA   NVIDIA
Trend Analysis Harmonic Patterns Technical Indicators nvidia QQQ SPDR S&P 500 ETF (SPY) bearishdivergence Bearish Shark chips semiconductors AI
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trendanalysis harmonicpatterns indicator nvidia qqq spy bearishdivergence bearishshark chips semiconductors ai
We have some Bearish Divergence on NVDA after reaching the PCZ of a 4 Hour Bearish Shark; if we get some serious followthrough I could see it going down to $400 or even all the way down to about $350

I will be selling multi-week calls around the strike of $425 and $435
Comment:
NVDA has formed a Bearish consolidation within the Pattern Completion Zone in the form of a Right-angled and Ascending Broadening Formation and has confirmed two Partial Rises in the process. We should now expect the Bearish Mark-Down on NVDA to begin at speed.
snapshot

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