Nvidia - The -25% correction starts now!

✂️Nvidia (NVDA) is really just collapsing:

Just a couple of days after Nvidia retested major resistance, we are now seeing a clear rejection. Being down over -4% in a single day, Nvidia is clearly totally weak and starting a correction. Looking at the chart, this correction can last for another -25%.

$140

✂️Nvidia (NVDA) is still not bullish yet:

Looking at the higher timeframe, Nvidia has been consolidating for over 6 months. But so far, we did still not see any bearish confirmation at all, making it hard to call the exact top. But still, the rising channel remains valid and Nvidia will create a correction.

$140