nvidia preforminga penetration of our pivot point and a quick return, a bullish retest provided a buy signal
WOWOW wonderful!
i anticipate the next report from nvidia, the revoloutionary company, to be positive that would wake some more money in the market to want a piece of this cake.
nvidia can still make a new ath at 1.618 189 and 2.618 250
more 0.618s are at 218 and 168 for anyone trying to trade this.
but in all honestly if nvidia keeps going the way they are going
an extra bubble will be formed.
the big sell off will happen only when there would be so many participants no one could get a piece of the pie.
proffesionals dont want crumbs and a correction can occur from any of these all time highs levels.
make sure you have these pivot points and trendlines to work with in confluence of your next buy entries.
the most bullish scenerio is turning this upside fib 0.618 to support
the next bullish scenerio is a pullback doing the same at 0.382
the next one is ofc holding 0.236 a small penetration of the trend but if buying volume is high and we get out of that level fast and quick that would also be bullish.
if somehow hell break loose and we dont hold none of that and we have a bad year nvidia is effected and get a continued downward correction we have our pivots in confluence of trendlines for potential bottoms at 75 usd and 66 usd
i dont find the bearish scenerios to be likely but everything and anything is possible.
