Nvidia made a sudden turn, showing us a very important key zone!
The price has shown a turn exactly in our GAP area, and this is where it gets interesting because this turn gave much more validation to our GAP area by bouncing precisely off of it. From here on, the bearish sequence has, for the first time, been incomplete due to the swing-turn that occurred before reaching support on our point #4.
The question is: is this the moment when the price will break the resistance of our channel? Time will tell, but for now, we've identified a new zone where there is greater buying pressure, and it's exactly the same zone we've been studying for several weeks.
If you've been following this analysis for weeks or months, you'll notice that everything is unfolding according to our price action and institutional analysis.
From here on, we just need to wait for the breakout, and remember, this time it could be different since we're in very important months where the elections heavily influence price behavior.
Best regards, and thank you for supporting my analysis.
The question is: is this the moment when the price will break the resistance of our channel? Time will tell, but for now, we've identified a new zone where there is greater buying pressure, and it's exactly the same zone we've been studying for several weeks.
If you've been following this analysis for weeks or months, you'll notice that everything is unfolding according to our price action and institutional analysis.
From here on, we just need to wait for the breakout, and remember, this time it could be different since we're in very important months where the elections heavily influence price behavior.
Best regards, and thank you for supporting my analysis.
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