Nvidia has a nice run in October bringing prices to incredible hights.
A run like that needs a cool down moment or maybe a correction so no panic no big deal.
Bearish scenario: there maybe could be a diamond top pattern in the making so watch out. in case it does keep an eye on break out. when break out we could visit the 0.5 ~ 0.618 fibonacci or even further down ( blue support bar)
Bullish scenario: So market cools down in the falling wedge with the given price targets. in case of a bullish pennant this could go even higher.
Keep calm, Do your own research! trade safe and manage your risk.
(Disclaimer: This is no financial advice)
A run like that needs a cool down moment or maybe a correction so no panic no big deal.
Bearish scenario: there maybe could be a diamond top pattern in the making so watch out. in case it does keep an eye on break out. when break out we could visit the 0.5 ~ 0.618 fibonacci or even further down ( blue support bar)
Bullish scenario: So market cools down in the falling wedge with the given price targets. in case of a bullish pennant this could go even higher.
Keep calm, Do your own research! trade safe and manage your risk.
(Disclaimer: This is no financial advice)
Tims.Technische.Analyse by TIMTIBBO