We need $NVDA to recover but it is struggling and the price action is also down to its early March lows and on the cusp of making a lower low, which confirms the downward trend.
We also have a clear rejection at the 50 WMA and the yellow trend line which is not a good sign.
A drop into the red line range and the impulse wave is in danger, so I have added the amber fib levels to show where the ABC correction can fall to.....and the green circle is the sweet spot for us to add HEAVY!!
The 200 WMA will move into this range and sit on the 0.618 Fib at $60, I'll be accumulating here if we get the opportunity.
Kad
2025-03-31 18:45:03 +0000 UTCmark_williams
2025-03-31 16:30:11 +0000 UTCMo
2025-03-31 16:04:11 +0000 UTCMahdi Yusuf
2025-03-31 13:52:02 +0000 UTCKad
2025-03-31 13:03:29 +0000 UTCEthan Silver
2025-03-31 13:00:33 +0000 UTCJosh G
2025-03-31 12:42:34 +0000 UTC