NVDA Can Fall:
NVIDIA hit the 161.8 Fibonacci extension and took a little correction. It has been consolidating for some time but also forming a diamond pattern. Although this pattern is not one of the strongest, if it plays out, the market can fall below the FCP zone. Or even the previous high level with a 200sma (daily time frame) confluence and trend line.
This can have a knock-on effect on NASDAQ 100 (US100).
Something to watch out for.
If you found this post useful or information please support this analysis by liking and sharing. 👍✔ Also us for more.
NVIDIA hit the 161.8 Fibonacci extension and took a little correction. It has been consolidating for some time but also forming a diamond pattern. Although this pattern is not one of the strongest, if it plays out, the market can fall below the FCP zone. Or even the previous high level with a 200sma (daily time frame) confluence and trend line.
This can have a knock-on effect on NASDAQ 100 (US100).
Something to watch out for.
If you found this post useful or information please support this analysis by liking and sharing. 👍✔ Also us for more.
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