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[EN] Shooting star Nvidia. Target: 195$ // GaliortiTrading

Short
NVIDIA (BATS:NVDA)  
GaliortiTrading  
BATS:NVDA   NVIDIA
Trend Analysis Chart Patterns Wave Analysis nvidia_analysis nvidiashort nvidia
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trendanalysis chartpattern waveanalysis nvidia_analysis nvidiashort nvidia
NVDA has its very mature uptrend in an exhausted five-wave cycle on 3-month candles. It is currently developing a shooting star at all-time highs.

It is highly likely to develop a corrective pattern in its long-term uptrend. Probably in a wave A, B, C pattern. The top of the previously broken bullish channel, its accelerated trendline and the level of 61.8% of Fibonnaci constitute the target of this correction ($195).

Large bearish divergence with RSI indicator


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