NVDA is showing multiple "top signals"... That is, an All-Time High has been hit. The last time NVDA peaked a year long bear-market followed.
➖ Elliott Waves
Here we have a full 5-up waves pattern. A classic ABC correction tends to follow this pattern.
➖ RSI | Bearish Divergence
This is a classic, and this signal here is super strong because it is based on the monthly timeframe. Notice the higher highs... Notice the lower highs...
This is a seven and a half (7.5) years long bearish divergence: NVDA vs its RSI.
➖ Rising Wedge
The most important fact to consider here is the timeframe; monthly. This rising wedge is already breaking bearish.
➖ Rounded Top
This is a classic pattern and clearly depicts the situation in which this stock finds itself.
NVDA is trading below 0.236 Fib. retracement as well as below the open/close of the two previous sessions. This is a bearish confirmation.
Conclusion
These are all bearish signals pointing toward a major correction in the coming months.
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