Happy 2024 dragon year! This is the year of China, when they will most certainly reclaim their world stage position- aka take Taiwan back. I predict that when military action will begin NVIDIA stocks will fall.
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I am trying to update my chart or add picture here of my analysis. But the basic idea is the following: If you look at the typical Wyckoff Distribution Scheme and then switch to daily NVIDIA chart, then you will see matching events. I believe the recent spike upwards of $562 is UTAD test!
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Note: I wouldn't start my short just yet, I will wait for price to go under $400, get confirmed and rejected as new resistance and then enter the short.
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Almost there before the correction will begin! Looking very yummy for the great short.