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NVIDIA Breaks Key Support: H&S Pattern Targets $116.10

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NVDA

NVDA just broke the $131.80 support zone, acting as the neckline for a head and shoulders pattern. Default targets for this pattern are now projected at $116.10, aligning with the 200% Fibonacci extension level and a convergence cluster of Fibonacci levels.

With the bearish butterfly pattern failing by just a few points, a further correction seems likely. As we approach the holiday season, watch for a potential upward trendline support below the convergence cluster—could this be the calm before a deeper dip?

  • NVIDIA (NVDA) broke the $131.80 support zone.
  • Default targets for this pattern are now projected at $116.10,.
  • As we near the holiday season, watch for a possible ascending trendline support below the convergence cluster, which could signal a reversal or continued downside.
Andre_Cardoso
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Juga di:
Chart PatternsHarmonic Patterns

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Chart PatternsHarmonic Patterns
Andre_Cardoso
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
Juga di:

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.