The Pattern Repeats

Time for the ‘bag-holder’, shakedown?

One thing that can be said, big-cap Nvidia, is posting a repeating pattern:

Wyckoff ‘Spring-to-Up-Thrust’

As long as NVDA, closes lower for the day, it’s at risk of downside reversal (not advice, not a recommendation).

The repeating set-up is labeled: No. 1. (spring) and No. 2. (up-thrust).

Nvidia NVDA, Daily

We still have the ‘break-away’ gap posted on January 27th (not labeled), creating the unknown; will this gap be filled?

Stay Tuned

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