is set to complete another bullish ABCD
triangle within its skew-up parallel channel
. The last time we had an upward C phase with a gap in the daily was back in January. Expect NVDA
to test $285 and up to $290 if it breaks through. Sharp resistance is expected around $290 and beyond - the farther it extends beyond $290 the greater the severity of the correction.
Short term bullish
, medium term bearish
, long term bullish
. Only playing with vertical spreads using a bounded-range strategy.