For those afraid of heights, Nvidia price action is warning of a correction in the medium term. To date, price action is holding above weekly trend line support at 176; however, a break below could expose a deeper pullback into the 150-140 zone, with the viewpoint supported by bearish RSI divergence that has developed since 2024. Meanwhile, there is a daily head and shoulders forming, with bears looking for confirmation on a break and close below support.
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Cut through the noise → sigmanomics.com
📅 Never miss a market mover
Economic Calendar → sigmanomics.com/economic-calendar
🎯 Stop guessing. Start forecasting.
sigmanomics.com/forecasts
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📊 Data. Analysis. Forecasts.
Cut through the noise → sigmanomics.com
📅 Never miss a market mover
Economic Calendar → sigmanomics.com/economic-calendar
🎯 Stop guessing. Start forecasting.
sigmanomics.com/forecasts
Cut through the noise → sigmanomics.com
📅 Never miss a market mover
Economic Calendar → sigmanomics.com/economic-calendar
🎯 Stop guessing. Start forecasting.
sigmanomics.com/forecasts
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.