$NVDA is now retesting the ascending triangle top line from above, the first of the important support levels that must be held in order to stop a rejection at Wave B.
The next test will be the 200 Day MA which aligns with the 50 WMA at $125....I think this will be the big test....as it is below the triangle bottom line too.
So if $125 is not held and there is a break down....we will also be looking at confirming Wave C here next too
So bulls must hold above $125
$NVDA still needs to report their ER and that is due next Weds....I believe this chart and the market will align together at the 50 WMA around the ER date.
safoo
2025-05-21 21:49:33 +0000 UTC