โข NVDA is incredibly bullish, however, it is trading at a critical key point; โข NVDA just hit a trend line that connects all its previous top levels since Nov 2021; โข Whatโs more, NVDA is inside a Descending Channel; โข However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure; โข It would not only break free from a Descending Channel, but would trigger an Inverted Head and Shoulders chart pattern, in the weekly chart; โข This would be the confirmation sign of a bullish reversal on NVDA โ however, this pattern wasnโt triggered yet; โข Any top sign under this resistance could easily frustrate the bullish thesis, therefore, we must keep our eyes open; โข Iโll keep you updated on this.
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