We now have a lower low now in the PM, price is below the green ATH line, below the 50 Day MA and dropped down out of this triangle.
3 bearish indicators right now.....while the rest of the Mega Caps storm higher.
I have added in the white fib levels to see where support can come, with the 200 Day MA now drifting up to the 0.618 fib at $120
Can the market go further now without $NVDA?.....I believe it can because the majority of the Mega Caps have showed 'Melt Up' characteristics lately
Bercan
2024-12-17 14:04:49 +0000 UTCGareth Neary
2024-12-17 14:02:10 +0000 UTCBercan
2024-12-17 13:35:18 +0000 UTC