Today, we will speak about NVDA
On this chart starting on March 2020, these are the elements we can see:
a) The price was inside an ascending channel (let's call it number 1) and also has broken that structure. Currently, we can see the price supported on that dynamic channel.
b) Another interesting element is that on the 1H chart, we can see a clear Flag Pattern. Where we have defined an activation level for the bullish view
c) The target we will be using for this situation is the Ascending channel 2 (There we expect to observe reactions)
d) The invalidation level either if the price reaches the activation level or not is below the current yellow structure (around 219.00)
That's all we have to share with you on this chart. Thanks for reading!
On this chart starting on March 2020, these are the elements we can see:
a) The price was inside an ascending channel (let's call it number 1) and also has broken that structure. Currently, we can see the price supported on that dynamic channel.
b) Another interesting element is that on the 1H chart, we can see a clear Flag Pattern. Where we have defined an activation level for the bullish view
c) The target we will be using for this situation is the Ascending channel 2 (There we expect to observe reactions)
d) The invalidation level either if the price reaches the activation level or not is below the current yellow structure (around 219.00)
That's all we have to share with you on this chart. Thanks for reading!