NVIDIA: Butterfly Harmonic Pattern

NVIDIA, H4

On the H4, the price is currently breached below the Bearish Butterfly pattern, aiming to retest the 122.20 support level, with the MACD histogram breaking below the signal line. Breaking below this support will trigger a further bearish momentum.

Consider a short trade on NVIDIA if it breaks below the 122.20 support level. The targets are 106.00 support and 95.00 on a further bearish move.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul

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