Wolverinos

Possible 5th wave for Nvidia or... small chance for retracement

NASDAQ:NVDA   NVIDIA
I am more a crypto guy, but Nvidia is quite comparable, only it holds very well onto present levels. There is no experience yet in the past about retracements on large scale, but Nvidia is clearl moving in an ascending parallel, after it made the huge move up from the cup which preceded the bullrun. There is a likelihood it will stay in the parallel, unless the 4th hit on the top or bottom of that parallel will occur... and break out. It will be interesting to watch anyway.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.