NVIDIA
Penjualan

Chart Pattern Analysis Of NVDA

190
https://www.tradingview.com/x/HoWiw3Jl/

First of all, I must admit a fact that my previous analysis was totally wrong.
I was too optimistic about the stock.
I must change my mind and plan.

K4 is a strong bearish candle with a bear gap under increasing volume.
From K1 to K4,
It is a strong bearish evening star pattern.
It verified a fact that a potential large scale double top pattern is possible on the way.
I have to cut off all my long positions at K4.

A nearest support at the lower limit of the potential downtrend channel.
Catatan
cuplikan

The recent several candles are obviously a first strong bearish motive wave.
A rebound of K2 and K3 with decreasing demands verified it.
K4 close below K2 and K3 under increasing volume.
It is likely that a second bear run had started from here.
If the following candles successfully retest the neck line for a second time,
It will be a good place to short it there.

If I had bought it earlier,
I will cut off all my long positions at K4 to avoid the potential risks.

On the other hand,
If the following candles close upon K2,
I will change my plan.

Short-106/Stop-112/Target-88

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