NVDA close to completing its primary pullback following this head and shoulders pattern. It's on its way to reaching bouncing off support on fib retracement, daily pivot, and most importantly the previous neckline attached to the pattern. I predict today we will possibly see a large rejection candle approaching the neckline and will be the last day of the pullback before turning back to the upside. Assuming we don't see any unexpected price action today (breaking support or failing to reach support zone) this would be an ideal position to place a long position.
Kommentar:
NVDA actually opened bullish unexpectedly. The end of the pullback may have already happened, and if so now would be idea timing to enter. I'd still give it a day to mitigate risk and ensure you enter at the best time possible.