Then, There’s The Lawsuit

Did we just hear ‘The Bell’, the top, for Nvidia?

The last update said to watch for Fibonacci correlation as NVDA, nears Week 89.

This week is that week; today, price action was gap-up higher, then reversal.

It could all amount to nothing with NVDA continuing higher at the next session.

Then, there’s the lawsuit; an old one, that’s been revived.

Is it important or is it an ‘Archduke Ferdinand‘ event?

Looking the daily chart, it’s clear, upward action is running out of steam.

Nvidia NVDA, Daily

Missing from the chart is a new daily low to help confirm that we’re at least in a congestion or setting up for a significant reversal (not advice, not a recommendation).

As we saw in yesterday’s update with bullet item No. 7, it’s all about the numbers.

Is Fibonacci ‘Week 89’, that number for NVDA?

Stay Tuned

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The Danger Point®, trade mark: No. 6,505,279