This is the shorter term follow to my long term chart regarding NVDA's potential breakout, which can be found here --->
Breaking the chart down, first on the daily level I don't really see many signs that NVDA is ready to brak out of its shell and start major wave 5. On the most basic level it doesn't look like its finished its wave V regression. My best of the completion of this wave is the end of the debt celling debate, as it will probably rise of the next few days and then proceed to fall until the debt celling debate is over. Additionally the money flow index appears rather stagnent and the MACD doesn't look very bullish. Finally the RSI is rather unremarkable and isn't displaying any clear signs. My feelings on NVDA are that one should wait until the economy tanks during the debt celling debate and then get long.
I appreciate your feedback, if you think I missed something or disagree please let me know. After-all if we wanted to keep our ideas to ourselves we wouldn't by on trading view.
-Databased
Breaking the chart down, first on the daily level I don't really see many signs that NVDA is ready to brak out of its shell and start major wave 5. On the most basic level it doesn't look like its finished its wave V regression. My best of the completion of this wave is the end of the debt celling debate, as it will probably rise of the next few days and then proceed to fall until the debt celling debate is over. Additionally the money flow index appears rather stagnent and the MACD doesn't look very bullish. Finally the RSI is rather unremarkable and isn't displaying any clear signs. My feelings on NVDA are that one should wait until the economy tanks during the debt celling debate and then get long.
I appreciate your feedback, if you think I missed something or disagree please let me know. After-all if we wanted to keep our ideas to ourselves we wouldn't by on trading view.
-Databased