618 fibonacci level over our head but that discussion will be kept reserve for a future post or update. NVDA will need to get moving and break the red trendline but ultimately put in a higher high in price by breaking the. In the meantime, however, I am still in my long but I am monitoring closely. So closing my position in profit and buying right back in at a discount is what I will be looking for in the near future. 382 fib level with a confirming candle on the 4 hour could mean a retest of much deeper levels at or around the bottom of the falling wedge or our. The reason for this is because of not only the bearish trendline over our head, but because a breaking to the downside of the. So for this reason I am moving my stop losses up to around $189.79. This is not something to ignore as supply lines like this can often be a warning of an impending bearish downtrend if price continues to fail when touching it.

Because what we are most interested in is the upper trendline of the falling wedge as it appears to be serving as resistance on the price. One could debate if this is valid or not due to the breakdown out of its lower trendline, and that is fine. If it can continue to hold, NVDA will find itself breaking out once more as a bullish falling wedge is now being painted on the 4 hour timeframe. 383 to be properly tested before liftoff and so far it is holding up.

So far on NVDA we are still up nicely on our original idea and as we predicted NVDA is now putting all of our fib levels to the litmus test as it finds itself right in the middle zone of the entire fib retracement.

Nvda price upgrade