$NVIDIA (NVDA.US)$This chart shows a different pattern, likely representing an **Inverse Head & Shoulders**.
Key features: - **Three lows**: The middle low (head) at 101.37 is the lowest, flanked by two higher lows (shoulders). - **Neckline**: A horizontal resistance line around 105-106. - **Breakout**: The price is moving upwards, approaching or crossing the neckline.
This pattern suggests a potential reversal from a downtrend to an uptrend. If the price breaks above the neckline with increased volume, it could indicate further upward movement.
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