the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern.
Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate.
Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart and then wait until C-D retracement happens. B-C leg has two Fibonnaci rules so you can watch two bullish scenarios. The final difference will be in your profit target because the C point has two different lengths. You need to watch out that the A-B leg is reciprocal to C-D leg, AB=CD, to pattern be valid.
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In the past, the concepts of "Idea," "target," and "sharps" were adjusted slightly upwards.
In this context, "Idea" refer to a my thought, "target" refers to a goal or objective, and "sharps" potentially be a typo or a specific term related to a particular Target . Without further context.
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NVDA WILL RISE TO NEXT GOLDEN LEVEL AT 1.618'
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Place a sell order for NVDA at the golden level of the Fibonacci at 710-735.