Overall trend is DOWN...
$NVIDIA(NVDA.US$ In terms of EWT , I believe we finished a 5th motive wave (green) at the top and are now in a corrective phase. There are 3 components to a corrective phase : A, B, and C. We are currently in the B wave as it consolidates and drops into a C wave. This is the worst time to BUY and hold, since it can drop even more.... I call this the B the FAKE OUT. Notice how the price is treating the last trend line as resistance. The calm before the storm!
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Maniac Fool : It is crawling on consolidation sideways. Still bullish lol
MayFlower : I saw different lines.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
JonSnow : define trend
JonSnow : did you ever zoom out?
2865479 : charts lie
JonSnow 2865479 : he lies (I assume)
71086832 : Where is D, E, F and Z? And what mean the arrows? Finaly whats about the vertical lines? That's not fair...
Maniac Fool JonSnow : Ya his timeline is relative
TheZooman22 OP JonSnow : Since june 24th down
TheZooman22 OP : The weekly trend has been down since Jun 20. Tested the new trend, and failed. If support fails at 122-ish the B will be a C.
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