Nvidia is showing the first half of an Ascending Triangle.
The Flat Ceiling: There is a clear stubborn resistance line near USD 193. Every time NVDA rallies towards USD 190 to USD 193, profit takers step in and push it back down.
The Missing Higher Lows: For a true Ascending Triangle, we need to see higher lows (the bottom line of the triangle rising). Currently Nvidia's lows have been somewhat flat or erratic, oscillating between USD 181 and USD 186 over the last week.
The Verdict: Until we see a series of clearly rising troughs that squeeze the price against that USD 193 resistance, it remains a Rectangle - a sideways consolidation rather than an Ascending Triangle.
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- icycrystalยท01-19 21:30thanks for sharingLikeReport