Long NVDA for Possible 1.61 Blow Off
NVDA has been down for a while and a lot of people are making much of the recent break lower.
However, corrections are known to be contained inside of two legs and topping patterns are known to false crash first and then head fake 1.61.
If NVDA is near a top, I think it's more in the 160 area than here.
Taking bets to reflect this.
However, corrections are known to be contained inside of two legs and topping patterns are known to false crash first and then head fake 1.61.
If NVDA is near a top, I think it's more in the 160 area than here.
Taking bets to reflect this.
Comment
This setup has max chance of failing now. We've retraced to the 76 retracement of the drop.
If this is a simple bull trap, it should be over now.
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