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Steve666
May 31, 2022 3:46 PM

Nvidia (NVDA)... Light in the tunnel ? 

NVIDIA CorporationNASDAQ

Description

There may be hope for you NVDA hodler's.

Nvidia's Share price appears to have held the bottom of the channel after a 54% decline from its peak.

While NVDA has bounced (apparent triple bottom), we need a strong tailwind (counter-trend) to propel it through the suggested entry point. (Top of rose colored supply zone)

Targets and a stop are marked.

The projected Harmonic Pattern marked is a Cypher.

(Projected harmonics have less of a success rate that fully formed ones)

Naturally we need a positive tech market for this to work.

Educational not investment advice. Do your own due diligence.

Good Luck

S.
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