For most people, it seems absolutely counterintuitive to witness another parabolic blow off rally on Nvidia and that's exactly why we will see such moves during 2025. Market structure just supports this outlook since Nvidia is still overall bullish and has some room towards the upside.
Despite the recent volatility, technicals are still quite strong on Nvidia and everything is pointing to a very bullish stock market year of 2025. It is just very important that bears are not taking over on the smaller timeframes - otherwise this could actually turn into a top formation with a large correction coming.
Literally over the past eight months, we saw a pretty volatile consolidation on Nvidia at the previous all time high. So far this is still not bearish and a move up to the final bullrun target during 2025 is still possible. A strong move lower would immediately invalidate everything though.
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