Noticeable pull back over the last 2 days for $NVDA from $140 to $126 and the price is just holding on the 3.618 Fib now exactly, which is not a coincidence. If the price can not hold at this level, this would certainly be showing weakness to this structure, if the price action can hold above the 3.618 Fib then this is simply just a test of support and the price can continue higher a suggested on the chart.
We must observe that $NVDA is very much in an extended territory now at the 3.618 Fib and we know a pull back is coming, when this happens here, this will affect the entire market, this is now the biggest company in the US.
So we will watch this closely.
Jedi
2024-06-23 14:35:49 +0000 UTCByron Tanigawa
2024-06-22 03:24:57 +0000 UTCAli Olgun
2024-06-21 19:04:43 +0000 UTCSpryseer
2024-06-21 18:49:27 +0000 UTCNalaikPanda
2024-06-21 17:56:21 +0000 UTC